Market Update

2:01 p.m. ET Small Caps continue to lead the way today in a broad-based rally with a pro-cyclical bias, but there’s price consolidation intraday ahead of tomorrow’s FOMC decision. SP-500 +0.7%, Dow +0.5% (Transports +0.9%), NASDAQ-100 +0.75%, Small Caps +1.25% IWM breaking out of the small bull flag that started last Wednesday afternoon as the…