SPY And Fed Minutes: Loading Up For Volatility
Nicholas Santiago | Feb 19, 2014 12:11PM ET
The Federal Reserve minutes will be released at 2PM ET today. This will give significant insight into what the Federal Reserve discussed during its last meeting. The markets will be looking for key chatter about whether there could be a pause to QE taper or if they plan to go full speed ahead with cuts. In the last two Federal Reserve meetings, QE has been cut by $10 billion each time. The market will be very happy if the Federal Reserve said they were leaning towards a more leniant policy on cuts to QE.
To The Penny
As the markets await the minutes from the meeting, we saw the SPDR S&P 500 ETF Trust (VXX ) are both trading higher on the day, even with the market trading slightly higher. This tells us someone is loading up for volatility. It should be a very fun afternon and coming days. Cheers!
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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