The FOMC sees the case for a rate hike strengthening and it now stands at 80% for December. Two dissented, wanting to go now. Okay, nothing to see there.
The more interesting aspect is how the market has again recovered off of an intraday dip, DJ30, NASDAQ from the same level as Tuesday.
SP500 SP500 -10.31, -0.50%
NASDAQ -40.49, -0.79%
DJ30 -51.64, -0.28%
SP400 -0.79%
RUTX -0.95%
SOX -0.60%
APA announces in the morning, CWEI after the close. Some great gains in CWEI, APA not. Other positions are struggling, e.g. MDU, PANW, TCBI, MU, CRK. May end up closing them though the market is a bit oversold on some indices and others keep bouncing off tests lower.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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