WEDNESDAY 9/30/15; EOM; EOQ3; ADP Employment Report; PAYX; Chicago PMI; Fed Chair Yellen Speaks; European and US Stocks Rally; Russia Begins Air Strikes in Syria

SPX 1884. INDU 16049. COMPQ 4517. RUT 1084. Euro 1.1254. Dollar/yen 119.77. Pound 1.5155. US dollar index 95.895.

WTIC oil 44.90. Brent oil 47.94. Natural gas 2.587. Gold 1127. Silver 14.59. Copper 2.257.

US Treasury yields are; 2-year 0.653%, 5-year 1.385%, 10-year 2.06%, 30-year 2.858%. German bund 0.581%. Japan 10-year yield 0.353%.

The NIKK is trading 



















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............ astonishing that the stock market continually ignores geopolitical events. Before the Federal Reserve and other central bankers began printing money in 2009, the stock market would always react to geopolitical events. There is likely a built-in complacency in markets due to the perceived multi-year cushion provided by the Fed’s easy money policies.

In the evening, Fed’s Brainard avoids commenting on monetary policy following Yellen’s lead about five hours earlier. She comments on the challenges facing community banks.