Responses to FOMC Decision on interest rates after 2:00 PM EDT yesterday
The FOMC reduced the Fed Fund Rate by 0.25% to 4.25% as anticipated. Consensus based on the “dot plot” also predicted that the Fed Fund Rate will fall an additional two 0.25% rates before the end of the year. Responses by key markets after 2:00 PM EDT were as follows:
The S&P 500 Index initially moved higher, dropped sharply and recovered to close slightly lower.
The U.S. Dollar Index and its related ETN: UUP initially dropped sharply, but recovered and closed higher.
Yield on 10 year U.S. Treasuries initially moved lower, but closed sharply higher.
U.S. Big Bank ETF: KBE initially moved higher, but closed slightly lower.
The Canadian Dollar initially moved higher, but closed lower.
Gold in U.S. Dollar initially moved higher, but closed lower.
Technical Notes
Wal-Mart (WMT) a Dow Jones Industrial Average stock moved above $104.48 and $104.51 to an all-time high extending an intermediate uptrend.
Caterpillar (CAT) a Dow Jones Industrial Average stock moved above $441.15 to an all-time high extending an intermediate uptrend.
Monster Beverages (MNST a NASDAQ 100 stock moved above $66.75 to an all-time high extending an intermediate uptrend.
Procter & Gamble (PG) a Dow Jones Industrial Average stock moved above $161.03 setting an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for September 17th 2025
Green: Increase from previous day
Red: Decrease from previous day
Source for all positive seasonality ratings: www.EquityClock.com
Commodities
Daily Seasonal/Technical Commodities Trends for September 17th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for September 17th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Top 10 Canadian Stocks to Buy Before 2026
https://www.youtube.com/watch?v=G2UjWYDwk1M
Peter Schiff: This Crisis Won’t Be Like 2008, It Will Be a U.S. Sovereign Debt Crisis
https://www.youtube.com/watch?v=eqRF_xbYccE
Simple Yet Powerful RSI Pullback Signal: Joe Rabil
Simple Yet Powerful RSI Pullback Signal – YouTube
Bank of Canada interest rate announcement
Bank of Canada interest rate announcement – YouTube
CHART THIS with David Keller, CMT Wednesday 9/17/25 : Dave Keller
https://www.youtube.com/watch?v=iZnWhxovZzI
S&P 500 Momentum Barometers
The intermediate term Barometer added 2.80 to 55.60. It remains Neutral.
The long term Barometer slipped 0.20 to 62.60. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer dropped 2.38 to 70.95. It remains Overbought.
The long term Barometer slipped 0.48 to 83.81. It remains Overbought.
Disclaimer: Seasonality ratings and technical ratings offered in this report and at
www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed.
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Equity Clock Publications