The Fed did as it was expected today and raised its benchmark interest rate by 25 bp.

After some initial fakeout moves, stocks went into full risk on rally mode, going out near the highs.

The dollar fell about 75 cents, and the VIX dropped back to its 50-day moving average.

Surprisingly enough both gold and silver came well off their lows and finished in the green.

Let's see how bully goes into the weekend tomorrow.

As a reminder, tomorrow is a quad witching index option expiration. 

What a surprise.

Have a pleasant evening.

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