US stock markets cheer on Fed day ...Middle East

S&P 500 +1.1% - up 61 points to 5675Nasdaq Comp +1.4%DJIA +0.9%Russell 2000 +1.8%Toronto TSX Comp +1.6%

One thing that's a red flag for me this week as that both today and on Monday, there was some heavy selling in the last 10 minutes of trade. That speaks to hedge funds derisking at the most-liquid time of day.

This article was written by Adam Button at www.forexlive.com.

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