Fed Hike19 Dec 2018 19:52
The Fed's rate rise was priced in and is in line with what markets thought, so no surprises there. What is a surprise though is the potential rate hikes in 2019 may be less than thought in a somewhat dovish FED statement. The Dow fell off a cliff on the announcement but recovered a while back, though now on another slide. Odd as the rate hike was priced in, but its any excuse to sell off a market. Dont know where this leaves us tomorrow. I was beginning to regret not selling some Glen today and pick up on a dip, but now I'm not so sure. Depends what it does to the Dollar I guess.