FOMC Minutes: A Day Like No Other?
FOMC Minutes: A Day Like No Other?
Yesterday seemed like any other day until FOMC minutes. Then the markets began to seize. Given the limited trading intensity we’ve witnessed so far in 2017, one could be forgiven for thinking the world was about to end.
But at the end of the day, how different was yesterday from any other day? Was it really that crazy? To investigate, I started by grabbing all the 1-minute data for the SPY from…
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