Stocks are mixed at noon, as trading is slowing as we await Fed announcement at 2:15 pm.
Dow -44
Nas +11
S&P -4
Commodities are the weakest sector, but some of the familiar names are still moving higher:
Apple +6.50 to 420
Chipotle +7 to 340
Hansen +1.94 to 93.90
Mako +1.09 to 40.18
Amazon +5.04 to 238.30
As we saw yesterday, those gains could evaporate quickly if traders don't like what comes out of the Fed meeting.
I think the market would react more favorably if the Fed announces nothing new. Traders have made it clear that they are now just wanting all problems to work themselves out on their own. We really should not be doing anything else to push interest rates any lower.
I'll be back after the Fed decision.
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