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[Chart courtesy of MarketWatch.com] Moving the markets As expected, the Fed delivered the goods and cut rates by 0.25%; but stocks sold off. The reason was that the accompanying language in its statement and economic projections cast doubt not only on another rate cut this year but also in 2020. That was a disappointment for traders, who had firmly believed …

[Chart courtesy of MarketWatch.com] Moving the markets It was a matter of treading water for most of the day, with the major indexes limping around their respective unchanged lines, until a last-minute pump pushed the indices up and into a green close. Mid-day attempts to get a rally going fell short, as weakness in the energy sector, due to reports …

[Chart courtesy of MarketWatch.com] Moving the markets It came as no surprise that market sentiment took one on the chin, after Saturday’s drone attack on Saudi oil processing plants, which took about 5% of worldwide production offline. While the major indexes retreated, it was a modest haircut considering the recent advances. Oil prices spiked about 13%, down from an earlier …