Markets gyrated between gains in losses today but a sharp end of day spike landed stocks into positive territory at the close. In the afternoon the minutes were released from the last FED meeting. Conclusion? Patience. Over six years into unprecedented Central Bank action and record high stock prices, the FED remains cautious. Patient. The Zero Percent Interest Rate policy of 2008 will remain in place for a lot longer.
The action remains rather muted, subdued, quiet, relaxed, the perfect environment for stocks to grind higher.