As ALWAYS, "Beware the knee-jerk reaction" which applies to anything F_E_D related and more broadly central bank related (across the world), but specifically F_E_D on big events like F_O_M_C or the minutes.
The initial move is the knee jerk, it's impressive, but typically reversed between several hours and a couple of days.
Just my standard F_E_D event boilerplate.
Futures Update BR-EXIT Edition
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So the conventional wisdom couldn't have been more wrong. Those chasing
risk and closing hedges couldn't be in a worse place right now. I would
still remin...
10 years ago

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