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Welcome to Profiteer Markets.

I'm Ed Elson.

It is June 18th.

Let's check in on yesterday's market vitals.

The major indices tumbled following the Federal Reserve's press conference.

More on that in a moment.

Treasury yields spiked, as did the dollar, and the odds of a rate hike before the year end are now at 62% on Kaoshi.

Meanwhile, SpaceX declined for the first time since it went public, ending the day down 5%.

Okay, what's happening?

Snap just unveiled its new augmented reality glasses, and despite a lot of anticipation and a lot of hype, it was a bit of a flop.

The glasses, called Snap Specs, feature an in-frame display which overlays apps onto the real world,

They're priced at $2,195, making them significantly more expensive than Meta's Ray-Ban display glasses, which start at $800.

CEO Evan Spiegel called SnapSpecs a leapfrog advancement and the computer of the future.

But the market doesn't seem to agree.