Market Waiting For FOMC Minutes

The US equities indexes were muted in trading today, trading inside of this week’s range. The markets are still awaiting the FOMC meeting minutes, which will be released on Wednesday at 2PM EST. Based upon the current low levels of the VIX – under 13.00 as of the time of this writing – traders are clearly expecting that either the FOMC will offer no surprises or will issue potentially bullish statements. With the exception of financials and homebuilders, most ETFs were only modestly changed from where they were yesterday. Here’s what to expect.