Where is the SPX going once the rate decision is released?

[ironchef]

someone explain this one to me? Why was the rate cut/cheap money not welcomed by the market?

Market was pricing in a 0.5% cut.

 

[tommcginnis]

someone explain this one to me? Why was the rate cut/cheap money not welcomed by the market?

Regardless of what the market thought about rates, off the headline was the real story: China trade talks put two tires in the ditch. "This won't go well."