A Good News Type Of Day

A Good News Type Of Day

Well damned if this wasn't a good news type of day. We'd wager the only people unhappy with how Wednesday turned out are Treasury shorts (and there are a lot of them) who got burned badly by a Fed that managed to sprinkle just enough dovish pixie dust into today's hike to send yields plunging. Oh, and bank stocks were understandably unhappy... "Treasuries surged after the Fed raised rates as expected and maintained forecasts for additional increases for the next two years, dashing expecta
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