Keeping Up With The Kardashians

Global equities were mixed and US stocks looked poised to build on gains as traders and investors (two distinct groups of market participants, I remind you) await a Fed meeting that should be a nonevent. 10-year yields have generally declined on FOMC days this year, but as mentioned Tuesday afternoon, Jerome Powell has limited avenues down which he can drive to deliver a dovish surprise assuming the Fed doesn't intend to roll out more explicit, outcome-based forward guidance or tweak the maturi