One of the really fun parts about this Fed juiced market as we approach an announcement is that all the traders sit around and do nothing since we have to wait for what the Board of Governors comes out with. I can remember trading for a decade and a half and what the Fed was doing was at the bottom of the list. There was too much growth to contend with. We will know when things improve when each Fed minutes release take on less meaning. The underwhelming VIX over the last couple of days signals we might be moving that way.
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