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Welcome to the Risk reversal podcast. I am Dan Nathan. That is Guy Adami. We just got done with

Fed Chair Powell, his presser, the rate decision.

Guy, we're going to do a quick breakdown, maybe less about what we heard,

because I don't think there are any big surprises.

Maybe we'll focus a little bit also on the market's reaction because we did have some volatility

in the stock market.

We had some volatility in the rate market. We had some volatility in the rate

market, but we're basically right back to where we were. It is basically 25 minutes to the close

on Wednesday afternoon. And the S&P is unchanged. So we'll walk through it. The initial reaction,

little after 2 o'clock, were to take the S&P to new all-time high,

...