Note: I recorded this broadcast on Tuesday, Sept. 22, as I am out on vacation this week. Yet thanks to the efforts of my outstanding team, I have still provided a short update on how the markets did this week. 1) A Case of Fed Digestion This week’s market action was all about traders digesting the Fed’s decision not to raise interest rates. Stocks were down midweek, but after a speech on Thursday by Fed Chair Janet Yellen suggesting the FOMC will likely raise rates this year, markets enjoyed a bounce on Friday. As of noon Eastern Friday, the Dow was essentially flat on the week (up a slight 0.06%) while the S&P 500 was down 0.58%. The NASDAQ Composite saw more downside, off 1.60%. This week we saw the continuation of rise in the U.S. dollar (+1.00%), but we also saw gold edge higher (+0.53%). Meanwhile oil continued its slide (-0.71%) while bonds also came under pressure (-0.57%). Until this market gets even more clarity on the next Fed move, and until the global economic data ge
