September is the only month that has been positive less than half the time since 1950, which is why you hear about it every autumn. The part that rarely gets quoted is the condition attached. When the index walks into the month above its two hundred day average, the record turns around entirely.
Mike Butler also looks at where the market is pricing the next Fed decision, why the currencies moving against the dollar today matter, and why tomorrow's implied move looks unusually light given what is due out before a long weekend. Education, not a recommendation.
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Chapters
0:00 The stat everyone repeats
0:31 Where the Fed odds sit
1:07 The part nobody quotes
1:40 Reading implied interest rates
2:12 The yen going nuts
2:47 What dollar weakness means
3:...