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GDP came in better than estimates but this was overshadowed by analysis of the big revision of GDP back to 1929.
The Fed came out and said very little except to make dovish noises.
Stocks were all over the place today in light volume as the algos played ping pong. Some stocks had particularly impressive swings.
All eyes are now on Friday's Payroll Report.
The GDP figures for the second quarter will be released in the morning, and the FOMC reports tomorrow afternoon.
Inventories continue to decline at the COMEX ahead of the August delivery period.
Intraday commentary about an apparent run on the bullion banks here.
Will this be the next revelation of the Banks meddling in the markets? US Deepens Scrutiny of Banks' Activities in Commodities
The equity markets were treading water today ahead of the GDP release in the morning, and more important FOMC statement tomorrow afternoon.
Non-Farm Payrolls on Friday.
