$SPY The bankers have the markets in their hands.
Besides our Fed, reports of capital injection by the China central bank to five
largest banks in the country also helped stocks rally yesterday. Technically,
2000 is still the level to watch for the S&P 500. While we await the Fed
decision, we may need to ask ourselves should the market be certain that the
Fed is on the path of raising interest rates, does it truly matter whether it
is three months earlier or three months late?
After yesterday’s sales on opinion changes for $HLX and $HAR I am at 43% invested in
the Alpha One Model Portfolio, a little less than the recommended level but
with it being September and the news to yet come later todayI am not going to push. Art Cashin's comments below are worth paying attention to in my opinion.
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