The Market's Path of Maximum Frustration

The knee-jerk reaction following yesterday’s FOMC minutes was lower, and true to the path of maximum frustration, today's tape is trending higher (the first move after a Fed announcement is typically the false move). Market breadth is 2:1 positive, the banks are outperforming, cats and dogs are twerking,and Hoofy the Bull is about to step out for a pedicure.