While bonds are treading water this morning (10Y hovering back below 1.50%) ahead of The Fed's potential nothingburger meeting, stock markets are moving fast with big-tech soaring and small-caps tumbling...
Additionally, Citi is leading the drop in big banks (following CFO Mark Mason's signal that revenue from the bank’s trading operations will probably fall by around 30% from a year ago)...
Source: Bloomberg
Meme-stocks are also getting hammered...
Source: Bloomberg
Led by AMC's 8% drop...
Gold is coiling up for a move (usually lower on FOMC day... mysteriously)...
Can Powell tread the fine line and not blow this whole thing up?
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