Written by Gary
This report is late posting because of the Fed’s monetary rate decision report at 2 pm.
Briefly, the US market (SP500) shot up and beyond R2 (2023) from S1 (2009) after the minutes were published. $VIX fell to 15, WTI crude remained steady at $38, the US dollar fell sharply to the low 96′s and gold rose from 1229 to 1246. As usual the markets after a brief exaggerated run-up are sliding back down to where they were BEFORE the report.
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