What really pisses me off is this whole "meeting-minutes being released weeks after the meeting" BS. So the minutes, which represent the discussions had on Dec 14th, reflect the true thoughts and direction of the FOMC at that time. Yet how comes the next day, in their statement, and during Powell's reading of that statement, were these exact thoughts not expressed? Why don't they just release the minutes on that Wednesday? Clearly they held back on saying what they really thought last month, thus today's surprise and shock reaction in the market.
Clinton benefitted from a dot-com boom that had nothing to do with him or his moronic VP, "I invented the internet" claims notwithstanding. It was also a hyperextended economy and market (built on a lot of hot air as well as real tech) that blew up as soon as he left office.
We've seen this movie play out numerous times before on really flimsy pretenses and yet here we are with some people losing their shit over a 2% move in US indexes. I see WTI over $77 and SPX at 4700 it doesn't scream big weakness to me. If people are concerned buy stocks that will be more then fine in 2022 regardless of whether a correction occurs or not. I sold two of my Oil producers prior to Fed meeting ( Crescent Point at a new 52 week high ), and how things develop will only impact on when I choose to rebuy them.
The Federal Open Market Committee issues minutes of its meetings with a lag. The minutes of the previous meeting are reported three weeks after the meeting. Why Investors Care The FOMC has changed dramatically in the transparency of its operations. It now discloses policy changes at the end of each meeting. Historically, the Fed used to keep investors guessing about policy changes and Fed officials did not appear on the speaking circuit as frequently as they do now. Since the Fed moved up the release of the minutes to three weeks after a meeting from six in January 2005, the minutes have become a market mover as analysts parse each word looking for clues to policy. However, the minutes do include the complete economic analysis compiled by Fed officials and whether or not any FOMC members have voiced opinions at odds with the rest of the group. Investors who want a more detailed description of Fed opinions will generally read the minutes closely. However, the Fed discloses its official view at the end of each FOMC meeting with a public statement. Fed officials make numerous speeches, which freely give their views to the public at large. Greenspan rock'n the stand. Shebopadoowaaaaayyy