#Fed #FOMC #policy #stimulate #economy #stockmarket

$DIA $SPY $QQQ $RUTX $VXX

The Fed used its policy statement to begin to pivot from stabilizing financial markets to stimulating the economy, saying that it would keep its current government bond-buying at least at the current pace of $120-B per month, in part to ensure “accommodative” financial conditions in the future

Chairman Powell said the Fed “is both confident and committed and determined” to modestly overshooting 2% inflation.

Wednesday, the major US stock market indexes finished at: DJIA +36.78 at 28022.38, NAS Comp -139.85 to 11050.48, S&P 500 -15.71 to 3385.49

Volume: Trade on the NYSE came in at 1.1-B/shares exchanged

HeffX-LTN’s overall technical outlook for the major stock market indexes is Bullish with a Very Bullish bias

• NAS Comp +23.2% YTD
• S&P 500 +4.8% YTD
• DJIA -1.8% YTD
• Russell 2000 -7.0% YTD

Looking Ahead: Investors will receive weekly Initial and Continuing claims, Housing Starts and Building Permits for August, and the Philadelphia Fed Index for September Thursday

Have a healthy day, Keep the Faith!

  #bonds, #Bullish, #DIA, #DJIA, #economy, #Fed, #inflation, #markets, #NYSE, #Powell, #QQQ, #RUTX, #SPX, #SPY, #stimulate, #VXX

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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