WATCH LIVE: FOMC PRESSER at 2:30 ET
UPDATE 1: 2:19 Fed statement is very much inline with GS expectations and as stated earlier, not so dovish. Stocks dump, Bonds rally, USD spikes and Gold folds.
Credit where credit is due:
- GS nailed the redline
- Tracy Schucart called the move yesterday completely counter consensus intuition
- LB has been on this for a week now. But the reality was today during the AM road map:
‘Relief Rally, then a selloff. there is too much weighing on the market going into year end’
Yesterday as interviewed for Marketwatch:
@chigrl call on twitter which subs heard and asked about during her OppTrader Technical Broadcast prior to twitter
in ES? yes …regardless of what the FED does. If they raise the market won’t like it, if they don’t, means no confidence, market won’t like that either.
— ℭhi 🛢️ (@chigrl) December 18, 2018
Here is Goldman’s expectation of the FOMC statement changes for following along.
Their expectations are not as dovish as we feel consensus is – Vince Lanci
And here is Marc Chandler’s handicapping of possibilities:
-no cost or obligation
Or click pic to reserve spot