What would have happened if the Fed hiked?

S&P 500 finishes down 1.6%

The S&P 500 finished down 32 points to 1958 as markets brushed aside a dovish Fed decision and dumped stocks.

The knee jerk rally after the Fed to 2020 in the index was obliterated in late trading Thursday and week gain erased. The S&P 500 was down 0.1% on the week and the big reversal on the chart is a bearish signal.

I struggle to see a good reason for such aggressive selling but you can't argue with price action.

You can only wonder what would have happened if the Fed had hiked.

There's a line of thinking out there that the Fed knows something we don't. That's an affront to the Fed's pitiful forecasting record but, again, someone is selling for some reason. It was quadruple witching today and it came at a weird time (directly after a Fed meeting) so I'm not drawing any conclusions just yet.