Morning Es Trading
A funny thing happened on the way to Es 1550: The Federal Open Market Committee (FOMC) minutes were released and buyers were force-fed the realization that the market's punchbowl might be yanked away well ahead of schedule. Given the widespread belief that our equity markets would be substantially lower without our friendly central bank backstop, it's only natural that participants would feel the sudden need to rejigger their portfolios at the first sign of a stingier Federal Reserve.
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