The stock market bulls are cautiously optimistic as the 2-day Fed meeting begins today and the announcement is made tomorrow. Analysts give the Fed 0% chance of raising rates while many expect the Fed to start unwinding it’s $4.5 trillion balance sheet. With little geopolitical news, market focus is on corporate happenings and the category 5 hurricane Maria targeting Puerto Rico tomorrow. Today’s earnings include ADBE, ALOG, AZO, BBBY, and FDX. Economic data includes building permits, housing starts, and import prices; all @ 8:30am EST. Volatility has dried up as the market bulls cautiously wait on any new Trump tax plan information. Volatility to the downside will be most likely be easier than the upside until tomorrow’s Fed announcement. Size bias is long on light overnight volume into the 8:30am EST numbers.