I always try to watch the press conference while watching the market, Yellen said something about possibly raising rates sooner than later, if conditions warrant. This is what the market/SPY did...
SPY drop at Yellen Comment
NOTE THE CONSIDERABLE RELATIVE PERFORMANCE CHANGES BETWEEN SPY THAT WWAS LEADING VS IWM THAT IS NOW LEADING
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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