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Nasdaq & Small Caps Give Up “Hawkish-er Yellen” Gains As Dec Rate-Hike Odds Tumble (Again)
Friday, September 25, 2015 12:04
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With NKE almost single-handedly holding The Dow up, the rest of the US equity market is rapidly giving back any gains from a hawkish Yellen and 'fixed' European automaker market. Notably, Dec rate-hike odds were 41% pre-Yellen, jumped to 49% earlier this morning, but have now fallen back to 42%… so the 'market' is not “embracing” a rate hike environment as one supposed expert said this morning…and the Biotech bloodbath is weighing everything down…
And then it all went pear-shaped…
Small Caps and Trannies are now down over 5.5% since The FOMC Meeting
As Biotechs collapse…
Charts: Bloomberg
Source: http://silveristhenew.com/2015/09/25/nasdaq-small-caps-give-up-hawkish-er-yellen-gains-as-dec-rate-hike-odds-tumble-again/
