Afternoon Update: What Started as a Decent Bounce, Is Now Essentially Flat

Mega Caps and Semis were leading the charge in pre-market (both underperformed yesterday), and helped out in early trade in the cash market, but have since faded along with most everything else, to what’s now a flattish day as I’ve expected heading into tomorrow’s Fed decision. Small Caps and Transports still outperform, but all of…