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Summary
- US stock benchmarks gapped down severely after the FOMC meeting, dragged lower by rough global stock performance.
- Traders are now attempting a short-term dip-buying as Indexes reach key support levels.
- As long as WTI doesn’t form a definite break above $100 and holds above, the outlook for US equities should remain more rangebound.
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By Elior Manier
The past day’s FOMC session wasn’t easy on investor sentiment, as a coordinated oil–petrodollar–hawkish–repricing attack played war on stock bulls.
The downtrend in global indexes is now more severe – the pricing