Gold Pops As Bitcoin Drops, Dollar Snaps Longest Win Streak Since Jan 2016
"Contained"...
Post-FOMC, Gold was the biggest gainer...
US Equities were holding to gains but tumbled in the last few minutes with the S&P turning red...
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'Risk' May Be Low But Uncertainty Over "Unknown Unknowns" Just Hit Record Highs
While the fear-tracking VIX has been languishing near record lows this year, a gauge of so-called ambiguity, meant to chronicle the degree of uncertainty investors have in the probabilities they use to make decisions, has been at all-time highs in recent months, indicating that there’s more fear built into the stock market than common measures of volatility suggest.
Liesman Asks Yellen If The Fed Is Worried By The "Market "Going Up Triple Digits Every Day" Yellen; Here Is
CNBC's Steve Liesman: "Every day it seems the stock market goes up triple digits... is it now, or will it soon become a worry for the central bank that valuations are this high?"
Gold Spikes As Dollar, Bond Yields Tumble Despite Hawkish-Hiking Fed
Stocks shrugged but bonds and the dollar did not... as gold spiked
The dollar is reversing recent gains quickly...
The long-end is legging lower in yield...
So bond yields lower, dollar lower, and gold higher... not exactly what The Fed would likely have wanted!
FOMC Hikes Rates As Expected: Expects 3 Hikes, Faster Growth As Two Dissent
With a 98.3% probability heading in, there was really no doubt the most-telegraphed rate-hike ever would occur, but all eyes are on the dots (rate trajectory shows 3 hikes in 2018), inflation outlook (unchanged), and growth outlook (faster growth in 2018), and lowered unemployment outlook to below 4%. The Fed also plans to increase its balance sheet run off to $20 billion in January.