Two What? What was That Word?

We have a mild sell-off going after The Fed raised rates and hinted at a few more hikes in 2017 to come. Stocks are mixed, to my eye.

But the REITs in the IYR sector ETF and the utilities in the XLU are responding on kind to The Fed's hawkish tone. These are traditionally "rate-sensitive" sectors, so it makes sense to see them soft here. When you consider they had rallied into the meeting today for the last few weeks, it makes even more sense for some weakness. 

The real issue is whether the utes and REITs will commence a new leg lower from here, or instead simply flop around sideways and digest this news into the end of the year. 

Also noteworthy is the Dollar strength, impressively strong from wire-to-wire today. Gold bugs are in a tough spot here, and the Dollar is not doing them any favors. 

More in my recap after the bell.