Post-FOMC, how equity markets trade in the next few weeks (or so) is noise. Fed "put" is back and 3 reasons the "good news not priced in"

Today is a short note in front of the Sept FOMC rate decision, which will be released at 2pm ET on Wed afternoon (9/18). There will undoubtedly be substantial market reaction, post-rate decision and post-press conference (2:30pm ET). But we want our clients to largely ignore this noise ("market reaction") and even the noise for the next few weeks:

Foremost, the Fed "put" is back. That means, the Fed's mandate is now primarily supporting a strong labor market. The July and A...

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