Major averages finished flat to higher on lower, below average volume. Biotechs took it on the chin due to Hillary Clinton's criticism of high drug prices.
Futures are down more than 1.5% at the time of this writing as fears mount with respect to the slowing global economy. The Fed's inaction to leave rates unchanged is being taken as a worrisome sign whereas a hike in rates would have been a gesture on the part of the Fed that the economy is truly improving.
As we have said, a period of heightened volatility such as the gap up, gap down action in the markets we are witnessing is to be expected. Sometimes lighter positions or the sidelines is a good place to be. That said, things can change on a dime so never take your eyes off the situation as it evolves.
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