Mondays are just horrible. People really just don't know what direction to take.
You definitely see people coming back in. On any little dips, you see 'buying on dips' again because people wanted to see stabilization. Now they have a renewed confidence in the market.
I think people are excited to see this market stabilize this week and not give back all of its gains. It's just kind of wait-and-see right now.
What investors are telling us here now is that there really is no catalyst to step back into this market right now. People are waiting for this market to rally or at least stabilize.
There's zero catalyst to step into this market and it is this Fed meeting that has people at a standstill.
You had a lot of people buying ahead of the Fed meeting because they were hoping the tone of the meeting would be anything but what some of the comments were. They were hoping the tone would be geared toward seeing signs of improvement.