US equities shake off the early worries and turn higher

It is increasingly difficult to ignore trends in stock prices. I think eventually there will be anxiety over the FOMC decision and the likelihood of Powell doubling down, but that won’t happen today, in part because credit card companies have been bullish on global consumers. SandP 500 futures were down 16 points before the sale, but the index is now up 6 points after the open. Nasdaq is also up 0.3 percent. This is the best level since December 12, which was just before the last FOMC. spx Next we get the final UMich study and pending accommodations. Neither is likely to be a market mover.

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