Hawkish or not
S&P 500 perfomed to the bulls' liking most definitely as is apparent from today's rich chart section. While I'm looking for an eventual bullish resolution to today's FOMC, my medium-term view is of no smoothest sailing ahead for the bulls – still grinding higher, and also my daily intermarket observation confirms that.
In such an environment, tomorrow's FOMC merely not showing dovish face while reiterating prior positions, is to be perceived as hawkish even if it doesn't turn more hawkish than it was already. Keep enjoying the lively Twitter feed serving you all already in, which comes on top of getting the key daily analytics right into your mailbox. Plenty gets addressed there , but the analyses over email are the bedrock.
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