Can’t keep a good stock market down

The S&P 500 is back in positive territory at 1986 after falling as low as 1978.

The overall market is bracing for the major announcements later in the week, especially the Fed, the SNB and the Scottish referendum.

The Fed is such a focus and the old playbook is to sell stocks on any signs of hawkishness so it’s tough to be overly optimistic about the market until late in the week.