That’s because there was an FOMC meeting today, it’s always more volatile before one. The market was told that what it expected would happen is going to happen,

That’s because there was an FOMC meeting today, it’s always more volatile before one. The market was told that what it expected would happen is going to happen, and it was pleased. It expected more bond purchase tapering and 3 rate hikes (75 bps total) next year. VIX is back under 20, volatility is settling down. Some unprofitable growth stocks have been sold off lately, but the rest of the market is chugging along just fine, at least until rates start to go up. Here’s a way to keep an eye on the probabilities the market is assigning to rate hikes at future Fed meetings: https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html https://www.cmegroup.com/trading/interest-rates/countdown-to...