On the eve of the FOMC statement the market is usually ambivalent as there is concern that the Fed won’t do what the market wants. With only 100 basis points to “play with” the market is pricing in at least a 50 basis point cut and some would argue 75! That would take the rate
October’s historic volatility proves itself yet again
Earnings continue to come in better than expected, but the market refuses to move higher so it may be safe to assume, at this point, that the proverbial bar was set too low again. October has a history of being one of the most volatile months throughout market history and this year that belief held