U.S. equities got off to a strong start. Hope is running high as the Fed meets this week.
By 2 p.m. a Financial Times article said the markets may not be ready for more tapering talk. The market abruptly went down to pare 75% of its rally. Then the journalist made a tweet about an hour later which turned the market around to bounce from up 50 to up 109 by the close.
Such b.s. shows how on edge the markets are in a low volume environment.
Today technology, cyclicals, and home builders led the rally.
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