With the Fed’s 25 bps interest rate hike out of the way, what’s the path of least resistance into year-end and early 2016? Thursday’s reversal lower was ugly and erased Wednesday’s entire post-Fed rally. Parts of the sell-off could be blamed on Friday’s upcoming options expiration, but price action none-the-less must be respected. Here are a few things to take note of, think about and otherwise respect for the time being.
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