It was a generally quiet day for the markets, especially considering it was a Fed day which usually leads to a lot of volatility. Big picture, we’ve regained almost all of recent losses in the major indexes but stand short term overbought. A bit of rest would be healthy. The S&P 500 fell 0.14% and the NASDAQ 0.33%. The Fed statement was not as dovish as most expected as the word “significant” was removed in front of the view of slack in the labor market – yes every single word in a Fed statement is analyzed.Continue reading
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