It's that time of the month again as Comex options expire and price at the close this afternoon. As per usual, we were able to identify some of the "sweet spot" levels ahead of time and, even with today's bounce, it appears that closing prices will come in near expectations. Now the big question becomes...what happens next?
That's the big question because "next" is the conclusion of the January FOMC tomorrow. It will be the usual schedule of Fedlines at 2:00 pm ET, followed by Jerry and his presser at 2:30. There is a 100% chance that the fed funds rate remains unchanged versus...