Futures flat morning after Fed-day rally


Stock index futures are flat and bond prices are holding onto their big gains from yesterday following the FOMC meeting, updated economic projections, and Yellen press conference. The 10-year Treasury yield is 2.59%.

Yellen said all the right things about rates remaining low for a long time, but - should the meek recovery continue for another handful of months - the FOMC believes we're on the path to rate hikes by this time next year.

Europe's Stoxx 50 (FEZ) is ahead nearly 1%. In Asia overnight, the Nikkei climbed 1.6% and Shanghai fell about the same amount.

Gold is up $9 per ounce to $1,282.

ETFs: SPY, QQQ, SH, DIA, SSO, SDS, PSQ, VOO, IVV, SPXU, UPRO, TQQQ, SPXL, QID, RSP, SQQQ, DOG, QLD, DXD, RWL, EPS, UDOW, SDOW, DDM, BXUB, QQEW, QQQE, SFLA, SPLX, QQXT, BXUC, SPUU

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Comments (3)
  • robin steel
    , contributor
    Comments (153) | Send Message
     
    Why would the Fed and Treasury do anything to shut off this artificial "recovery"?

     

    Things are good at your local billion dollar hedge fund, while the "Too big to fail" banks can still "invest" in whatever the "Winners", ("Institutional" Funds which are mostly held by 1% of the population, 99% of Congresspeople, the Executive branch and high income people from the Pentagon to Wall Street) want to pump up or down on any given day..."Volatility" is what matters most.

     

    Why worry, when everyone knows "The Market" is rigged and rates are easily manipulated? The party is raging in the penthouses and corporate hunting lodges, so whats the problem? If things don't turn out the way the media wants to spin and omit us into believing, we will just bail out the "winners"and start a few more wars; because that is really the "best" way to make it go away, isn't it?
    19 Jun 2014, 09:34 AM Reply Like
  • WisPokerGuy
    , contributor
    Comments (1379) | Send Message
     
    Yadda... Yadda... Yadda...

     

    Why are you worrying? Obviously, you are smarter then everyone else. If you truly believe in your doomsday scenario, buy Puts and sleep well at night.
    19 Jun 2014, 09:55 AM Reply Like
  • surfntrade
    , contributor
    Comment (1) | Send Message
     
    Everyone thinks they are smarter than the next guy, "I will get out first"
    19 Jun 2014, 10:14 AM Reply Like
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