Summing up the talking heads opinions on China, Twitter, Yelp... and so on..

Overnight exuberance in the afternoon session in China....

China market makes me laugh $ASHR $SHSZ300 @prchovanec pic.twitter.com/GQkD1bLr6p

— Walt Hudson (@WaltHudson) July 29, 2015

Provided the first momo pump in US stocks (but that faded back to unch ahead of the open and dismal housing data), FOMC prep sent us spiking before investors realized that while dovish it basically suggests the economy is crap...

Cash indices never looked back with a small pump'n'dump after the Fed statement...

This is Trannies best 2-day ramp since 2011...

Leaving everybody happy since Friday...

All about avoiding a red print Year-To-Date...

TWTR was clubbed like a baby seal...

VIX crushed to 11 handle briefly...The Matterhorn Pattern completed...

Which is no big surprise...

Treasury yields ended the day higher, with the curve steepening modestly... initialk kneejerk was bonds rallied after FOMC...

The US Dollar surged after FOMC - despite its dovish tone...

Silver jumped but gold was flat as copper and crude popped...

Saudi rumors on production cuts, US inventory draws, and the biggest US production drop since Oct 2013 sent crude soaring but The Fed pissed in the pool party arguing that things are not quite as awesome as they hoped...

Charts: Bloomberg

Bonus Chart: Data Dependent Fed misses window...

Bonus Bonus Chart: Remember this...

Economists in the latest WSJ survey expect the Fed to raise interest rates around Sept. 2010. http://t.co/nR6lfyTZPt pic.twitter.com/IQ8MQTatCN

— Rudolf E. Havenstein (@RudyHavenstein) July 29, 2015