The keep talking about how bad apples earnings are going to be....how do we know this isn't a set up ? Maybe they are saying all this just to calm investors so that when earnings come out tonight that if they are only a tiny bit worse than what was expected of Apple, the stock will soar...
Agree...I'm not worried as I know the days are limited where the central banks will be able to keep this game going....
This had the feel of an "unch'd" day...Granted that might mean the Nasdaq is down 20, while the Russell is up a percent, but it's always about where the S&P 500 closes anyway...
Nasdaq futures down 1%%%% I'm sure they will turn around mid morning as the momentum and the fed meeting will only create upside.
Apple completely missed earnings ....China slowdown was their money making machine...without China Apple is nothing.....
Looks like the "hot potato" phase of the market rally...NQ getting killed while Russell still peeking above the highs and ES flatlining...
The typical pre-FOMC "drift up" has been absent this week...If ever there was a perfect opportunity for one of the three remaining rate rises, today would be it...Crude touching $45, S&P essentially back to where it was last December and recent dollar weakness.
The fed should boost the markets into the close like they always do with their dovish statements....if this were a real federal reserve they would be raising rates .50% today....
Oil inventory up by 2,000,000 barrels and oil is still floating higher....haha Wonder what happens if there is an unexpected draw down of inventory... Could easily see $75 oil by summer .....I can't wait for $3.50+ a gallon for gas...consumers are going to love it....