Good morning! The more things
Good morning!
The more things change… Despite rallying sharply overnight, this morning”s sell-off finds yesterday”s lows playing defense again. If this isn”t resolved up soon, then this afternoon”s FOMC policy statement will be greeted from a position of weakness. That could be devastating, being this close to the lows that have been thoroughly tested already. Reacting favorably could instead end this pullback and replace it with a substantial upleg.
