After an initial dump, equities are back at the day's highs after The Fed's cut-and-pause statement. Bond yields are down, the dollar is up, and gold is down...

Equity algos like it - for now...

(Click on image to enlarge)

The dollar is up, modestly...

(Click on image to enlarge)

Source: Bloomberg

The long-end of the curve is sliding lower in yield...

(Click on image to enlarge)

Source: Bloomberg

And gold is getting hit - though remains higher on the day...

(Click on image to enlarge)

Just what damage to all of this can Powell do?