Good Morning. The long awaited FOMC, tw0-day meeting commences today. Seems every month there is a long awaited FOMC meeting. And every week a long awaited ruling, vote or summit out of Europe.
Only thing that happens is nothing, which somehow convinces smart people, managing lots of capital, to risk it based on the word of central planners that all is well. And just in case it is not well, “we stand ready to act (again).” Amazing reality and how easy it truly is to move people when you dangle a carrot before them.