Fed meeting today with some coverage talking about the Fed "toolbox." How the Fed is buying mortgage securities to keep those rates low, and how it may start buying Treasuries for the same purpose.
I am surprised at the strong stock market today. There are some parallels to the market action in January 2008 with a drop into option expiration then a rally later in the month. As always, calendar patterns of that sort, I rate amongst the least reliable of indicators.
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