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September 2013
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Morning Market Briefing – Wednesday- 09/18/2013

Today is the big day! The market learns if the Fed has decided to begin curtailing its asset purchase program and if so by how much. The telegraphed QE move from the Fed to the market hints yes and it is around 15 billion. (FYI, no big market moving news is dropped by surprise anymore unless it is good news). What the market does not know is how it itself will react. At Alphas Edge, on events like Today, we sit on the sideline all cash. Instead of trying to guess what the Fed will actually do, we react to the reaction. […]