The Closing Look

On Wednesday, stocks were higher but fell after the Fed released the minutes of its latest meeting. The minutes showed the Fed would entertain a potential June rate hike if economic conditions improved. The USD rallied hard on the news and a slew of commodities fell. Financial stocks were bid higher all day after the bulls showed up and defended the 50 day moving average.

Gary’s Thoughts: The fed is changing with the wind! No comment! Not thrilled!