No rate hike today, maybe not in September, maybe never. If an impending issue has ever had time to be priced into the market, this is it. So much wasted time is spent on this. Will a 25 basis point increase in the fed funds rate really upend this economy?
For the second day in a row volume was pretty good which is always good to see. Hopefully this can be the start of a move that may possibly take us near the highs again for the indexes.