Will the Fed Disprove Sir Isaac Newton?

Yesterday we asked if the FOMC would bless the equity melt-up; in the early afternoon, we got our answer.

In this bizarro environment, where good news is bad (implies tapering) and bad news is good (pushes tapering), the on-the-margin hawkish commentary from the Federal Reserve was viewed as an incremental negative, as some perceived the "sequence" of tapering could begin a few months prior than previous expectations.