Market Starts Week With Stacked Deck, Loaded Dice – Professional Edition

The market appears to be taking aim on a test of the highs, but technical indicators did not fully support Friday’s uptick. That puts the rally on a day to day footing. Liquidity will provide a tailwind, with the Fed and Treasury pumping billions in cash into dealer and major investor accounts this week (see Treasury update) timed to surround the FOMC announcement.

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