Interesting Observation
At the moment the market is controlled by oil. Interesting chart on friday sums it up nicely.
Around 12:20 oil started to spike, and 10 minutes later the SP500 took a nose dive. Then both changed course accordingly.
I found it interesting. On a side note, IMO, by the Fed leaving interest rates unchanged they are taxing EVERYONE by allowing higher inflation (dollar collapsing, hence commodity prices rising, hence consumer prices spike). They need to raise rates… it is a must now.
