Stocks Pause In Front Of Fed Announcement

There is really not much change in the development and structure of the Stock Indices after today’s trading. Price has paused and will likely continue to pause until the Fed announcement and briefing on Wednesday. The internals continue to decline but that can change on Wednesday as well. I believe the market has priced in a 75 basis point increase, but it will be the comments by Powell afterward that will have the potential to change the perception of value and spur a large move in one direction or the other.

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