The FOMC tried very hard to sound dovish yesterday but with the bull market largely based on ultra-expansive monetary policy and no new action on the horizon it was not enough to keep investors happy. The Fed effectively pledged to keep 0% interest rates through 2023 but equity indices still declined, a move that was extended after president Trump suggested he didn’t like a solution when the Chinese company maintains a control of the US TikTok operations (denying earlier rumors).
Investors should pay attention to the 10930 level on US100 where bulls managed to counterattack twice. A break of this level could drive the market to 10000 level fairly quickly.

Daily summary: Its fear, but not panic yet. Trump has shaken the markets again.
MIDDAY WRAP: European indices under pressure from the Greenland dispute, Japan announces snap elections 🎙️
🚨 US100 drops 1.5%, erasing this year’s gains amid trade war fears 📉
China: 5% Growth Without Enthusiasm