Gary Poster, with essential assists from Galyn Norwood, Phiroon Phihakendr, Jose Quijada, Pavandeep Kalra. A rate hike is already priced in, and stocks rallied in advance.
Net stocks regain their momentum.
Think of it as the last day to whoop it up before mom and dad get back from their week in Florida. The Nasdaq advanced 79, to 3,608. That's usually the kind of inflationary warning signal that makes investors hide like squirrels. But things really aren't that scary. Expect a relief rally after the Fed speaks tomorrow.