"Since 1994, the S&P 500 is up an average 0.49 percent in the 24 hours before an FOMC announcement...the returns over those eight yearly FOMC meetings accounts for 80 percent of annual realized excess stock returns.
That got a lot of attention on trading desks."
Meanwhile, in Davos, the Chinese Vice President said, "We have no plans to devalue the Yuan". Translating into English..."on Wednesday January 20th, 2016, Year of the Monkey, the Yuan will not be devalued. Ask us again tomorrow".
European stock composite:
In other words, that gets the chicanery out of the way, so collapse can proceed on schedule...