Today’s a Fed Day. People (media) always want to make a big deal out of them, but they’re just another day. The market just doesn’t price in things like interest rate changes on an announcement, it happens gradually over time.
That said, we have some interesting weakness in financials as gold and treasuries have caught a big bid early on the Congress members shooting news. The algo’s are running wild. Regional banks have been highly tied to rates and this may provide an opportunity to get long them and other banks.
It’ll be interesting to see how the day and week close, but at this point the tactical idea is to buy financials on this dip regardless of The Fed.