Yesterday’s release of the latest Federal Reserve minutes triggered a big rise in U.S. equity markets. In pretty much two sentences, the report sent the major U.S. indices ticketing upwards. This rise was after earlier concerns about the potential content of that report depressed markets.
Will all of this have an effect on our market today? Most likely it will. After yesterday’s 50 point drop and the close to 250 point drop since the index reached 7,400 a few weeks ago there is a pretty decent chance we will see a gain today.