Posted 9:30 AM ET – The market is going to challenge the all-time high this morning and we are seeing follow through buying after the Fomc Statement. The statement was hawkish and I believe the move was largely driven by quadruple witching programs. Once the momentum was established, there was nothing to stand in the way. Key changes in the FOMC statement from previous months: 1. The Fed will be reducing asset purchases (tapering) at twice the rate that was reported at the last meeting. 2. Virus variants could weigh on economic growth and Real GDP growth was lowered .4% to …
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