By Mr. Ice
Small-caps and tech came back with a vengeance Wednesday, then oil and commodities joined the party. The FOMC interest rate decision was greeted with a yawn but the key takeaway is the Fed will keep on running its dollar printing press. We got the typically round number hype on CNBC Wednesday morning. Off the top of my head, round numbers like DOW 12000 never stopped the bulls. We often pull back for a brief time when we hit round number resistance and post FOMC, but the bulls should mount another run that closes well over.
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