FOMC minutes are the focus today
The FOMC minutes will be released at 3:00 AM Japan time.
From Brainerd's remarks last night, the market accelerated in selling bonds and selling stocks.
For this article, we assumed NASDAQ would retrace about half, and the Dow would be at the most optimistic level of 35,400, with the Nikkei set at 28,600 considering the yen depreciation, but aside from NASDAQ extending to a higher 618 retracement, things progressed largely as expected.
What we were aiming for was today’s release of the minutes to provide the answer.
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