Stock Market Update September 19, On Tuesday, as the Federal Reserve commenced its two-day FOMC meeting, the markets opened on a bearish note, with the S&P 500 shedding 0.75% and the Nasdaq declining by 1% by midday. However, a late-afternoon rally helped recoup some of these losses. Notably, the VIX futures contracts have seen a surge in total open interest in recent days, signaling heightened market volatility. In other asset classes, bonds faced selling pressure, while the dollar and precious metals remained relatively stable. Despite today's recovery in equities, should the market experience a significant decline tomorrow, it could signal a new down cycle. Today's rebound narrowly averted a down cycle.
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Crude Oil Take some off the table, sell calls