Fed Rally 12/17/14
The Fed decision is imminent at 2 PM EST. The SPX is up 21 points, +1.1%, to 1994. The Dow is up 150 points, +0.9%, to 17220. The Nadsaq is up 42 points, +0.9%, to 4590. The RUT gains 16 points, up +1.4%, to 1156, but is starting to leak quickly lower. Dollar/yen 117.56. Euro 1.2407. Pound 1.5633. VIX 21.48. Gold 1196. Silver 15.98. Copper recovers to 2.87. Oil is off the intraday highs. WTIC oil 57.60. Brent oil 62.19. 10-year yield 2.11%.
For the complete chronology of today's global market action as always reference Keystone the Scribe website.
Note Added 7:09 AM EST on Thursday morning, 12/18/14: The Fed Aftermath continues with a cascading global rally to Asia and to Europe and US futures are strongly higher. S&P +22. Dow +190.
Further clarification and commentary on the Fed's theatrics;