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If you're a bull with a 1-month or less time frame, a dovish Fed may be good news. Longer than that, not so much.
C'mon, Tim - - chart needed to include Feb low....
Unless you're simply pointing out that Fed watchers are themselves just following the stock market...
If those fedsters do not raise today, they're idiots. one rate change now isn't going to throw the usa into the economic abyss tomorrow; but they might need that rate in 12 to 24 months to reduce by if the slowdown increases.