FED Meeting : BNP & Barclays see surprise hike tomorrow …

… while only 22% chance are currently priced in and most principal US indices at or a few % from their all time highs .                                       Back in june 60% likelihood was priced with US indices 3 to 6% cheaper …

Conclusion : Expect Volatility (the nice word for decline) IF Fed hikes rates tomorrow OR if they make a significant change on the hawkish side in their policy statement.

http://www.bloomberg.com/news/articles/2016-09-19/two-of-fed-s-own-primary-dealers-warn-shock-hike-awaits-markets

 

SP500 :  http://schrts.co/s1tXG6

Dow Jones : http://schrts.co/rN17w8

Nasdaq 100 : http://schrts.co/cL1qXR