Postcards: Straight Cash Homie (We're Red)

Randy Moss bought his car "Straight Cash, Homie." Here's why you need to have some cash on you as the Fed meeting concludes tomorrow, and where to build your cash position.

Market Update: There is an incredible amount of chop right now. Markets are struggling, and the S&P 500 can’t break the 5,100 level - and that helped fuel a selloff in the last 30 minutes that jarred many traders. This is a concerning technical challenge, as we’re seeing a pathway possible for a MUCH lower move for all indices after the Fed’s meeting concludes. It’s been a brutal day for refineries, with the markets awash in diesel and Brent crude options expiring. Most people haven’t reported this, but it appears that the U.S. government has relicensed Russian banks for the energy sector. Makes sense… We’re now red across the board - why hide it - as I just raised the Red Flag for Republic Risk readers, and now we’re putting up the hurricane shutters for what comes next after the Fed speaks on Wednesday.

Dear Fellow Expat:

It won’t take long in Maryland to realize that the crabs are as stuffed with meat as the locals are with opinions.

In Florida, everyone remains compliant in avoidin…