A very quick take on the reactions from the oh-so-expected 1/4 point rate cut. Banks (KBE) are strengthening:
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The ES is spazzing out, as is the NQ, although I suspect they’re going to continue weak:
(Click on image to enlarge)
My monster victory of the day is McDermott MDR, which is getting MurDeRed with a drop of 50% within minutes. BOOYAH!
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