US equity markets have fallen this morning, extending yesterday's losses after the ubiquitous morning ramp. This has driven stocks down to unchanged from the close of last week's "hawkish" FOMC day...
[4]
S&P briefly joins Crude, Bonds, and Gold in the red post-FOMC day...
[5]
Of course - a bounce will ensue - but with credit and VIX decoupling, we would not be surprised to see FOMC Day lows tested before this is over.
