It may all come down to the Federal Reserve (Fed) this week. The message from the Fed at 2:15 pm ET on Tuesday, September 21 may hold the key to whether the stock market breaks out of the range that has bound the S&P 500 since May [Chart 1], or remains within it.

Historically, the Fed has typically provided added economic stimulus at this point in the economic cycle. The response by the Fed to uncertainty over the economic environment has been anything but uncertain: they have ……

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