It's been a challenging week with the Fed catalyst delivering volatility and uncertainty
This was the meeting "where they were talking about talking about" changing policy but didn't change policy
Equity and commodities were hit hard, Bonds rallied (albeit choppy) and the USD lifted
It wasn't easy for anyone
The internals this week within the equity markets were really terrible and concerning
I am taking profits on some shorts from here to the close: X +18.5%, NUE +12%, COP +3.6%, CHRW +2.5%, CSX +5%, LSTR +6.5%, JBHT +8%, CCL +7%, COST +1.5%, KSS +4.3%, OIH +7.3%, CORN +2%, SOYB +5%, WEAT +5.5%
I still think all of these can work lower however I could see a bounce to add back.
Taking nice gains on a Friday is a good way to start the weekend