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Federally Funded Wednesday – S&P About to Retest 2,640 as Fed Withdraws Stimulus

This is the same chart we were using since the beginning of February.

Yawn, are we there yet?

This is the same chart we were using since the beginning of February and, in March, the markets have been full of sound and fury which has signified nothing as all that bluster has us right back where we started, with the S&P 500 finishing yesterday's session at 2,716 – exactly 3 points higher than we were 30 days ago.