S&P futures little changed in Wednesday morning trading after US equities finished mostly lower in the prior session with growth snapping a seven-day streak of outperformance vs value. REITs and tech were among the laggards while energy jumped over 2%.
It's all about the Fed meeting today and the press conference at 2:30pm ET
Asian markets mostly lower overnight with China down over 1%. - charts of Shanghai, Hong Kong, and FXI on this note
I am adding FXI as a new short idea today
European markets modestly higher overall.
Treasuries are unchanged to a touch firmer out the curve with 10-year yields back below 1.50%. - chart on this note
Dollar slightly better vs euro and slightly weaker vs yen.
Bitcoin futures down 2.3%, back below $40K. - A couple of charts on this note
WTI crude up 0.3%.
I will be posting a late Daily Note in the last hour after the Fed meeting.