This chart shows IEF/LQD ratio (Inverted) With the SPY overlayed so you can compare how when financial conditions ease (as they are) then the SPY will react as it is, positively.
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So today we get the "Powell Howell" the FOMC Presser. I assume we get 25 hike as most. The presser should set the stage for next steps. I am going to continually come back to thhis chart and use the "Play" button to see if the FOMC can actually bring down financial conditions to ease