It’s all about the industrial world today with amazing retail data from Caterpillar and greater demand for crude oil, which saw a drawdown of 5.1 million in the past week and 91 million from peak levels earlier in the year.  The great news is this is a global phenomenon and not just something occurring in the United States.

The markets are all higher at midday as we await the Fed decision on tax rates.  It is widely anticipated that the Fed will raise rates another 0.25 point, making this the third hike this year.  Janet Yellen, Fed Chair, will give her last meeting press conference shortly thereafter.

Industrials, Technology and Utilities are strong today while Energy, Financials and Telecom are weak.  Advancers are outpacing decliners 1654/1235 on the NYSE and 1772/991 on the Nasdaq.

Let’s not force the issue.