Dudley Did Us in on Monday

New York Federal Reserve President William Dudley was the voice of reason during the early days of the market correction. His voicing of concern about global economic issues and market volatility served to stabilize stocks in August. However, on Monday he sounded a little different. In his interview with the Wall Street Journal Dudley shared his expectation that a Fed rate hike will likely still occur sometime this year. The market environment is just not conducive to that kind of talk at the moment, and so I believe the statement played a critical role in further destabilizing stocks. See the full report on Dudley's impact.

Sector Security	Tuesday 09-29-15
SPDR S&P 500 (NYSE: SPY)	+0.04%
SPDR Dow Jones (NYSE: DIA)	+0.3%
PowerShares QQQ (Nasdaq: QQQ)	-0.4%
iShares Russell 2000 (NYSE: IWM)	-0.7%
Vanguard Total Stock Market (NYSE: VTI)	-0.05%
WisdomTree Europe Hedged Equity (NYSE: HEDJ)	+0.4%
iShares China Large Cap (NYSE: FXI)	-0.1%
iPath S&P 500 VIX (NYSE: VXX)	+0.1%
iPath S&P GSCI Crude Oil (NYSE: OIL)	+0.6%
SPDR Gold Trust (NYSE: GLD)	-0.4%

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