Update. Ahead of the Head of the Fed; plus commodity talk ...

Before the FOMC announcement and before Fed Chairman Ben Bernanke's press conference this afternoon, I thought I'd give you my expectations ...

I expect a disappointment - potentially a huge disappointment.

That is: I don't believe the FOMC and Ben Bernanke will give the market what it wants.

In the last month or so, every bad piece of data or financial/economic development in the US and around the world has been met with one kneejerk reaction along the lines of:

"The Fed may support."

Click here to view the entire update issue.

 

Trade Essentials.

No new recommendations or adjustments at this time.