If you want a sense as to how quiet it is this morning, look no farther than SpaceX. After blasting 50% higher during its first two days of existence, it is effectively unchanged right now. Meandering aimlessly, all night long.

It seems, I suppose, everyone is waiting for the Fed announcement and the debutante ball of Kevin Warsh. I’m not sure why anyone cares about this guy announcing no change in rates versus Powell announcing the same thing, but evidently, it’s quite the BFD, so everyone is sitting on their hands.
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