"You're going to have a thin market that's pushed around pretty easily" ahead of the Fed's commentary, said Joseph Benanti, managing director at Rosenblatt Securities in New York. Monday's rally is "just a little bit of relief from last week's sell-off."
Still, the market is at a "crucial spot" technically, as the S&P 500 is just sitting above its 50-day moving average of 1,300.13, Joseph Benanti, managing director at Rosenblatt Securities, told CNBC.com. "If we close lower, well see a follow through in the early part of next week," he said.
Joseph Benanti 1985 graduate of Gadsden High School in Anthony, NM is on Classmates.com. See pictures, plan your class reunion and get caught up with Joseph and other high school ...
Joseph Benanti 1974 graduate of Earl L. Vandermeulen High School in Port jefferson, NY is on Classmates.com. See pictures, plan your class reunion and get caught up with Joseph and ...