Well that didn’t last long. The ludicrously ridiculous market moves seen in the immediate hours after the Federal Reserve’s monetary policy decision where they removed the word patient, but remained patient, are quickly being erased. While the USD took a brunt of the abuse once the Fed’s dot matrix was revealed, it is working hard to gain back some respect in the eyes of traders. In addition, equity markets are off their highs and commodities are dropping as well. It’s as if the market is resuming what it had assumed before the Fed did what a majority of market prognosticators expected they would. You could liken it ... (full story)