That is the way I read the Fed statement also and I was surprised that bonds did not sell off more. The only thing I can figure is that when they said they saw no rise in rates for the "foreseeable future", that helped the bond mindset some.
In the meantime, I should have shorted AMAT rather than KLAC and NVLS. AMAT is tanking (lowered guidance) but NVLS and KLAC are holding up pretty well.
AMAT should be sold more tomorrow -- a poor report.
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