FOMC surprise reaction

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S&P 500 started wobbling yesterday premarket, and that‘s where all clients listening took their sizable long gains. Whether swing or intraday, I‘ve made a clear case before the opening bell yesterday as to why I see stocks facing downside risks going at least Wednesday‘s open (please understand that this time pinpointing is not necessarily exhaustive as clients have my detailed thoughts as to what to look for into FOMC and thereafter.

What‘s most important for the financial landscape to come, is the USD freefall yesterday that‘s arrested today, well, at the long-term rising trend line starting off 2011 lows. I talked in the weekend premium article what the precious metals run, bond market defence and the Fed being the last to the easing party, means...

FOMC surprise reaction

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