It seems that whatever took place at that series of meetings in February (along with some other machinations), was the deliberate weakening of the dollar (and with ECB and BOJ going full bore easing), the risk was even further dollar strength and further "risk off"...So now we sit here and see report after report suggesting weakness, AAPL collapses and the other indicies levitate in place, etc, etc...Just further confirms that CB activity is far, far, far more relevant than any "fundamental" concerns...Hence, literally everyone is focused on the "Fed put".
Nope no rate hike....will there be a rate hike in june? That's a stupid question to even ask...we all know the odds of a rate hike in June are 0% ...the only possible rate hike is not until end of 2016 and if the markets sell off 10-20% there will be zero rate hikes in 2016. http://www.cnbc.com/2016/04/27/federal-reserve-rate-decision-latest-news.html Enjoy the rally Into the close as once again for the millionth time the fed has bowed to wallstreet
Fed admits economy is slowing yet s$p is about 2% from an all time high....hmmmm ...is the fed just saying that as an excuse to keep rates near 0%
Hints at June hike, but we all know something like weak data right before the meeting will cause them to pause yet again. And remember the end of June is once again the end of a Quarter. End of Quarter, contract rollover and option expiration all in one. Yes that's why the fed has there meeting at the end of every Quarter....wink wink.
Soon as we get Obamas out of office the next bear won't be that far behind. Who ever the next president is will have to make some sort of deal with the money printers. A war, something that will allow them to push us deeper and deeper into debt. Because that's what money printers do CREATE DEBT.