Fed minutes dropping, watching VNM closely
So, Fed minutes hitting later today. Expecting the usual market gymnastics, but the main thing I'm curious about is any nuanced language around the 'higher for longer' mantra. If they lean even slightly dovish, we could see some relief. Regardless, it's going to inject some volatility, which I'm always keen to fade if the setup is right.
Keen eye on $VNM today, currently up slightly at 17.135. It's been range-bound for a bit, but any macro shift could give it the push it needs one way or the other. Definitely one for the watchlist, especially if there's an overreaction post-minutes.
Definitely curious about the 'higher for longer' phrasing as well. Think there's a lot of hopium baked into a dovish tilt, but stranger things have happened. Will be interesting to see how VNM reacts to the initial news, it's been pretty resilient.