18 May 2016

Some Charts at 2:45 PM - Noisy Fed

The big tickle today was the Fed minutes release at 2 PM.

Here is Confounded Interest's take on the minutes..

The minutes caused the markets to rethink their stance on interest rates after the very poor 1Q GDP number, and the weak employment numbers.

The Fed seems inclined to seriously consider raising rates by 25 bp at their June meeting.

This caused stocks to drop, the dollar to rally, and gold and silver to decline.

This is the Fed making noise for the most part.

I have places that I need to be and will most likely not post again today.

Have a pleasant evening.