The message from the Fed appears to be...
Which is a problem for stocks...(post-FOMC) - Small Caps worst...
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And cash indices on the day tried to ramp to green but failed...
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Futures show the early weakness during the European session...
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Leaving the cash indices all in the red for the week...
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Crazy day in vol too...
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Treasuries were weak once again going in (the daily 8am selling resumed), weakened after an initial rally after GDP, then were unchanged post-FOMC...
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The USDollar was spanked lower after GDP and recovered modestly after The FOMC Statement...
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Dollar weakness helped commodities a bit but in general gold, silver, and copper ended unch on the day...
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Crude pumped on a Cushing inventory draw, dropped after NYMEX Close...
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EURUSD soared today - pressing up towards 1.12 before The FOMC Statement pulled back some gains...
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And finally it is worth looking at the carnage in Europe today (specifically Germany)...
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Charts: Bloomberg
Bonus Chart: Yeah, him again...
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