The news out of the Fed triggered computer programs to sell equities, but there is no follow through so far today.
While the S&P 500 has risen by roughly 9% this year, BBBY had given up 14% as of Wednesday's close.
The market is anticipating higher rates and some inflation and that likely will matter at some point, but not yet.
Participants will be focusing on the level of hawkishness displayed in the latest Federal Open Market Committee policy statement.
The key chart to watch as the Fed meets this week is long-term rates which are threatening to break through long-term resistance dating back to 2015.
Investors are looking for instant gratification these days.
With seasonality poor and an interest rate hike on deck, it is important to be ready to play some defense.
Oil markets are fine on the supply side, but demand will be a problem into the next quarter.
A new report indicates only a few dozen institutions have been willing to take the risk of serving marijuana-related businesses in earnest.
The credit card provider and the biotech concern appear cheap relative to their potential.