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Dollar Almighty

Major indices in the green this morning after stocks fell on Wednesday afternoon following the Fed’s decision to raise interest rates by a quarter of a point. The 10-year US Treasury bond yield is now 2.575%, and the dollar has surged in value against Euro and Yen. Gold and oil too are lower this morning vs the dollar, with oil now having fallen for three days in a row. Pier 1 Imports (PIR) is up 30% after crushing third quarter earnings expectations.

West Texas Intermediate crude is trading at $50.37. At present, the S&P 500 is up 0.66%, the DJIA is up 0.6%, and the NASDAQ is up 0.6%.

Here are your Thursday morning market metrics. Industries doing well today include healthcare technology, airlines, and consumer finance. Industries showing weakness include metals & mining, internet & catalog retail, and personal products. The VIX is down 3.9% to 12.68 after closing on Wednesday at 13.19. The most heavily traded options this morning are for The VanEck Vectors Gold Mining ETF (GDX), with 6,026 January 20 calls and 5,285 January 19 calls on the board. The total put/call ratio as of 10:00 AM was 0.86 (298,113/257,211). NYSE Adv/Dec 1,670/1,223. Nasdaq Adv/Dec 1,614/818.

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Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.