If someone were to say a week ago that the FOMC would remove “patient,” I think most people would have thought the markets would have sold off.  Instead, blues had a whopping 27 basis point rally!  Leading up to the FOMC announcement, the reds kept looking cheaper and cheaper (on a relative basis) and I suggested we could get a “sell the rumor, buy the fact” effect.  But I would not have guessed we would have rallied that much – especially since it didn’t feel like anything the Fed did was *that* much of a surprise.  Well…  I suppose there…

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