Thursday, December 18, 2014

Santa Yellen

FOMC Minutes yesterday (Wednesday), 2 hours before the close and Mr Market liked what Janet Yellen had to say. Prices shot up immediately, +1% in about one hour for the major indices. Prices fell back to the original level, only to shoot up a second time, this time to stay at the high of day.
Especially small caps performed very well, up about 3% for the day and close to recent highs, compared with other indices.

Today in pre-market, we see indices make more big gains (1%). Is this the Santa/Yellen-rally we've been looking for?

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