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With the Federal Reserve announcing today that it would extend Operation Twist by purchasing agency mortgage-backed securities each month and extending 0% rates into 2015, the market rallied in full force and volume picked up. With the extension of QE3 out of the way, the question on everyone's mind is: what's next?

Hedgeye CEO Keith McCullough appeared on CNBC's Fast Money to discuss how the Fed's actions affect economic growth, stocks and bonds and the US dollar. Also discussed was our bullish thesis on Nike and President Obama's chances of being reelected.