The market is mostly sideways as we await the Federal Reserve, which will announce they are standing pat on current accommodation. But will there be any hints at a change in course? The stakes are high, and the messaging ahead of removing the punch bowl is pivotal. Take it from me, the cry-babies of Wall Street will still have a tantrum.
Meanwhile, earnings continue to blow the roof off the record book. This is great news but has invited talk of peak earnings - yep, there is always something to complain about.
Only four sectors are higher, with an eclectic mix of winners led by Advanced Micro (AMD) , Xilinx (XLNX), and Boeing (BA).
S&P 500 Index | -0.06% | |
Communication Services XLC | +0.74% | |
Consumer Discretionary XLY | -0.43% | |
Consumer Staples XLP | -0.91% | |
Energy XLE | +0.73% | |
Financials XLF | -0.15% | |
Health Care XLV | +0.26% | |
Industrials XLI | -0.25% | |
Materials XLB | +0.12% | |
Real Estate XLRE | -0.81% | |
Technology XLK | -0.13% | |
Utilities XLU | -1.41% |
Hang tight and let's see what Powell and company have to say.
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