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The FOMC meets this week, and the market has been struggling with the possibility of less-accommodative policy out of the Fed.
We feel that that there are very few news events that are capable of moving the market if the market is not in a position to fall. Two things can most definitely change the direction of a market - fiscal and monetary policy.
It is historically a very positive couple of weeks for the market. If we don’t rally when we historically do, then that tells us that the market may be in for a spot of trouble.