Sellers Win Afternoon Slugfest in Otherwise Meaningless Day

It was only a matter of time before the markets entered wait and see mode.  Sellers managed to erase the initiative gains buyers made this morning via brute force.  There was nothing tactful about it.  Sellers just started throwing heavier punches.

Their final heave around 2:30pm pushed the profile neutral and the rest was history, as they say.  we closed flat.  The day went nowhere whilst offering your boy tasty rotations to capitalize upon.

I expect to see more of the same tomorrow morning with resolve coming in the form of a certain 3rd reaction the afternoon FOMC minutes.

Good day good sir.