Stocks usually go up most of the time. That's 100% true.

Sounds like the move is to head to the parade route now and sleep I your spot for 12 hours. Good idea?

Lower Manhattan will be car-free tomorrow morning for the Knicks Championship Parade. Starting at 7AM, south of Canal Street in Manhattan is shut down to vehicular traffic. The FDR and West Side Highway will remain open. Traffic coming off the Brooklyn Bridge into Manhattan will only be able to go northbound on the FDR. Plan ahead and use public transportation.

NYC 🗽

Jefferies: "From a word count point of view, the statement released today is 130 words, 62% shorter than the 341 word statement released in April. Broadly, the statement looks much more like those issued after meetings by the Greenspan Fed in the 1990s than the lengthier statements released in the post-GFC era."

One of my favorite things about markets is its ability to make people who’ve agreed with each other for years suddenly discover they are actually at odds

Today will be the worst "first Fed Day" for any new chair since 1994 if the S&P's current 1% decline holds into the close. (Prior to 1994 they didn't announce policy decisions on the day of the FOMC meeting.)

Stocks are down

I like ‘good day’ better than ‘good afternoon.’ It’s a bit more inclusive. Less confusing for people watching from the west coast

Q: Did you see the Fed is holding rates? TRUMP: It's alright. Whatever. Q: And it looks like they might even raise them later this year TRUMP: It could happen. I mean, it's hard to believe. It just keeps a country down.

I’m biased but I think Fed reporters do a much better job than say White House reporters in asking questions that elicit useful information and following up when the questions are evaded.

.@nyknicks Parade: South of Canal St will be shut down from the Hudson River to the East River at 7AM, 6/18. FDR Drive & West Side Highway will remain open. Attendees will be screened. Listen to the NYPD & celebrate safely! Scattered storms possible. Info: nyc.gov/knicks

You asked, we answered. Q: Can I bring a bag to watch the Championship Parade?  A: No.  Q: Which subway stations will be closed for the Parade and when? A: Starting at 4:30AM Thursday, the Wall Street (4, 5) and City Hall (R,W) stations will be closed. They will reopen following the parade and ceremony at City Hall.  Q: Can I drive to the Parade and park?  A: Starting at 7pm on Wednesday, parking will not be allowed south of Canal. Cars will be towed if they are not removed. Starting at 7am on Thursday, south of Canal Street will be shut down to vehicular traffic from the Hudson River to the East River. The FDR and West Side Highway will remain open. Traffic coming off the Brooklyn Bridge into Manhattan will only be able to go northbound on the FDR. Pedestrians will be able to use the walkway.  Full details at NYC.gov/knicks. Read closely, arrive early, and get ready to cheer for our Knicks.

US 2Y Yield:

somebody ask for his year end target for the S&P 500

"Good day." - Warsh

If he doesn't take questions, the correct tweet is, "This meeting could've been an email."

Warsh (presumably) did not submit a dot.