16Mar2016 Market Update: Fed's Rate Decision To Hold Rates And Sees Only Two Hikes This Year, US Dollar Falls, Gold Rises Sharply And Investors Are Still Concerned On Market Direction
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.
Source: http://econintersect.com/pages/market/market.php?post=201603161317
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