"F'ed Up"
Fed vs Mawkets https://t.co/VRiEASX4y9
— Dick Darlington (@Darlington_Dick) January 27, 2016
Let's start with the obvious - The Fed f##ked up... as September is now the next meeting when rates are evenb "maybe" expected to hike.
Post-Fed - things did not go well...
Nasdaq was the worst today, crushed by AAPL but The Dow was double-whammied by Boeing also... Dow lost 121 points from BA (-77) and AAPL (-44)
All those dead cat bubble gains gone from yesterday...
Absolute chaos in the volatility complex as The Fed statement hit...
It's not over yet...
Apple was a de-brainer disaster... biggest single day drop sicne Jan 2014 and lowest close since July 2014... AAPL lost over 3 TWTRs today
And Boeing was battered - we're gonna need more Ex-Im Bank...
FANGs are FUBAR - NFLX and TSLA are now down 20% year-to-date... FANGs are now down 12.6% from their highs in December
Seriously! - once again stocks followed crude... until The fed broke it... Good news - fundamentals matter again, oh wait!
Treasury yields collapsed after The Fed statement...
The USD Index dropped on The FOMC Statement, extending losses on the week
Commodities all rose on the USD weakness but crude and copper slipped after The Fed and PMs rallied...
Russia-OPEC discussion pumped oil higher to run stops above yesterday's highs - despite surging inventories...
Gold jumped once again, nearing its 200DMA...
So in summary - if you have any questions about buying the dip or what to do next...
Is anyone else confused why the Fed hiked in December when as it admits "economic growth slowed"
— zerohedge (@zerohedge) January 27, 2016
Charts: Bloomberg
Bonus Chart: #DamnItJanet!
Speaking of Policy Errors pic.twitter.com/vlmAMKnFgt
— Not Jim Cramer (@Not_Jim_Cramer) January 27, 2016