sp'60min
Summary
First, keep in mind the initial reaction is often not what the trend will be into the close. In many ways, the bears should perhaps hope for a brief spike upward, before a reversal.
In any case, lets just see what is in the press release....
back at 2.10pm in THIS post.
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2.10pm... As expected, rates hiked.
Naturally Kashkari was against a hike, joined by Evans.
Equities, initial jump...with VIX cooling. Ironically, thats not good for the bulls.
sp'60min
VIX'60min
*Metals are seeing minor swings, Gold currently +$6, with Silver +1.5%, the latter of which Gundlach was touting on the lunchtime show.
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back at 2.30pm....
2.30pm... notable weakness, BAC, daily
A 'sell the news' event. Cyclically high, a test of the 10dma would not be a surprise. Broadly though, the psy' $30 is appears due before year end.
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notable strength, FCX, daily
... as copper +3cents to $3.05. Sister stocks SCCO and TECK are similarly strong today.
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Cyclically, the setup favours equity bears to 2650/46, whether into the close, or tomorrow. Eyes on the VIX, a push into the 10s is due.
Time for Yellen, back at 3pm.