Make No Mistake…
The US Economy still sucks out there. The Fed Statement provides a hint of bullishness within the economy, but there is no bullishness. Job Growth is no where in sight, Wage increases are barely present, housing inventories are still too high and the cost of every day items are TOO HIGH.
Until things begin to shift, the markets will continue to suck.
Call me a biased market bear, but that is reality the way I see it. Things are not good, and the Fed can no longer do anything, so now the system must heal ITSELF.
(This is my take away from the Fed statement.)
