Random Thoughts Ahead of the Federal Reserve Announcement

By Todd Harrison  JUL 31, 2013 1:15 PM

Is the market confident or complacent?

 


Editor's Note: Todd posts his vibes in real time each day on our Buzz & Banter.

The Federal Reserve is on tap and you know what that means; at 2:00 p.m. ET, we’ll get the most important stock market catalyst in the world—until the next most important stock market catalyst arrives. 

As recently discussed, consumer confidence is at the highest level since July 2007.  The chart highlighted in that column is an eye-popper, although we’re careful not to data-mine in these parts (data-mining is the technical manifestation of the 12 Cognitive Biases That Endanger Investors). 

Be that as it may, it’s another piece of our ever-changing forward puzzle, so get ready to jigsaw.

Some Old-School Random Thoughts, in No Particular Order:
R.P.

Twitter: @todd_harrison

Position in SPY.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at todd@minyanville.com.

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