Sloppy Market But 2 Triggers

Stocks slipped Monday after a renewed selloff in China, as investors awaited an interest-rate decision from the U.S. Federal Reserve later in the week. While expectations for a rate increase at this week’s Fed meeting have declined over the past month, many investors remain hesitant to place big bets ahead of Thursday’s announcement.

I guess if there was a gun to my head I would say they wont raise here, but who knows?  About 46% of economists  expected the Fed to raise rates this week, compared with 82% in an August survey.  You know how I feel about economists.

Proving that its still a stock pickers market, two of our new stocks form last night triggered today in a lousy market, MDVN & RXDX.

Oh look, 3 biotechs back on the long side. What a surprise.

See you in the morning.

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