If the market can’t rally on a commodity implosion, then it never will. Futures are up big and the Fed is on tap later. I expect that meeting to be a non event, however the pressure to raise rates has now subsided, so we could get some fireworks after the meeting. On the lookout for some longs. It will be interesting to see how the ags, coal, steel behave today. I do think shorting any rallies is the way to go in those groups.

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