Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show as well as Editor of the PreMarket Prep website joins Cory to recap the Fed statement and press conference related to the market volatility that we saw yesterday. While markets went down, then up, then back down again at the end of the day there was not discernible change in overall trends.
We also discuss seasonality, where next month is considered crash season as well as Q3 earnings, which are expected to be weak again.