fomc_fed-300x170The July 30-31 FOMC meeting notes will be released today at 2:00 pm ET.  The 10-year Treasury rate is near a two year high.  Rising rates have been the headline story for the equity market for the past several weeks.  Forecasting the short-term reaction by the market to the FOMC Minutes is a coin toss.  Today, we will let the story play out and put new money to work after we have seen the minutes and the market reaction.

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