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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (14325)	9/18/2015 2:34:16 PM
From: Goose94	Read Replies (2) \| Respond to of 202700

Fed Mistake? I picked a bad day to travel, with the Fed announcement, but it came in as expected, albeit from my perspective not what I hoped for. I was hoping the Fed would raise by 25 pts, indicating their confidence in the U.S. economy but then tapering the sentiment, indicating further rates would not only be based on U.S. economic data but would also consider global issues. They didn’t raise, gave no real uplifting news on the U.S. side and warned of global risks. All in all a negative performance from the Fed. The initial result was a lift for the metals as traders covered shorts, now comfortable that the Fed will not raise, or at best wait until December. What did not occur was a significant weakening of the US$ and a robust bounce in the U.S. equity markets. This move by the Fed underlies the growing awareness of slower global growth, which will impact earnings, thus a weaker equity market, and continue to dampen demand (industrial metals continue under pressure). Gold will have a safe-haven bid, but it may become apparent that “CASH” is the short-term safe haven, which will limit golds upside and may even create selling. By Peter Hug