XLF will struggle now. Gold got a pop. Dollar suffered and the correlation between USDJPY and the SPX500 is intact and will suffer also. The FOMC had to know the market would not like this, and it is like I said, they loose if they raise, loose if they don't. Risk off for now, and maybe until end of October. Nothing major data wise to change the FED's mind before the October meeting. The only thing that changes this dynamic is if there is a major supply change in oil, because the demand will decrease if anything.
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VXX thank you Janet
claydoctor
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