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Earnings season might spoil Yellen's Goldilocks announcement

Over the past week, we have witnessed a leveling off in our rebound from the February 11th lows. Much of the leveling off in price appreciation for equities has also been accompanied by a slowdown in the rate of turnover or volume. Both have been the result of investors taking a cautious pause ahead of the FOMC Meeting Announcement and subsequent press conference given by Fed Chair Yellen on Wednesday.