Someone in the chat room mentioned that Wednesday will be a ‘Fed day’ — more bilge ‘n’ blather from the spinmeisters — so the yellow flag is out for any trading ideas we might bring to the table. I’ve lost track of where They officially stand on the rate hike, although September seems to be what the crowd is saying. For now, though, I’m done shouting from the rooftops that the Fed will NEVER raise rates, since it feels like cheering on the Yankees from a bleacher seat at Fenway.
