Major Market Catalyst Today

The FOMC Statement and mega cap tech earnings will shape the market for the next two months.

PRE-OPEN MARKET COMMENTS FED-DAY - The market has seen rotation out of tech stocks the last few weeks and earnings from mega cap tech giants the next two days will fuel that move or reverse it. STX reported earnings last night and after a recent drop, I expected to see a decent bounce. So far, that has not materialized. The earnings were excellent, but the valuation is rich.

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