Pre-FOMC Update

1:38 p.m. ET Earlier gains in the market have moderated the closer we et to the FOMC. Today’s theme is another rotation (daily) from Value to Growth due to a drop in yields on this morning’s economic data dump. SP-500 +0.3%, Dow +0.1% (Transports 0%), NASDAQ-100 +0.65%, Small Caps -0.5% Like the rest of the…