Wednesday, August 17, 2016

Stocks Flail About As Investors Ponder September Rate Hike False Flag

Pretty ugly. The Dow round-tripped about 120 points, ending the session slightly on the positive side.

Fed minutes were released at 2:00 pm EDT, and offered little insight. The word is that they're going to raise rates in September.

Nonsense. They've already seen what a rate hike did to stocks the last time. They're not going to take that chance, unless they want to see Hillary lose the election come November.

Today was all about flailing about in an overpriced environment.

Wednesday's Wash:
Dow Jones Industrial Average
18,573.94, +21.92 (0.12%)

5,228.66, +1.55 (0.03%)

S&P 500
2,182.22, +4.07 (0.19%)

NYSE Composite
10,824.40, +14.66 (0.14%)

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