More on the F_E_D Early Minutes

In this post today, "The F_E_D, The Ultimate Professional Network" I showed the tweets from the F_E_D's Inspector General and said,

"I'm guessing JPM and GS were on the mailing list."

That wasn't a joke and it wasn't wrong either.

From CNN and BBG so far:

EMPLOYEES AT GOLDMAN SACHS, BARCLAYS, JP MORGAN, CITI, NOMURA, UBS, HSBC RECEIVED FED MINUTES EARLY YESTERDAY.

FED NAMES 154 RECIPIENTS OF EARLY RELEASE OF FOMC MINUTES

FED MINUTES SENT EARLY TO BANKS, LAW FIRMS, PRIVATE EQUITY FIRMS

FED EARLIER SAID RELEASE WENT MAINLY TO CONGRESS, TRADE GROUPS

NONE OF THE PEOPLE ON THE LIST ALERTED THE FED THAT THEY RECEIVED NONPUBLIC INFO A DAY EARLY

No kidding?

Strange trading action this week?

Monday algos ramp the market on the lowest volume day of the year ex. holidays (and we've had some low ones this year). 

Tuesday morning the F_E_D sends 154 banks and Private Equity Firms the F_E_D minutes a day before they are due out. Why would the F_E_D send anyone this information other than Financial News? How do you get on their mailing list?

I can't remember the last time the 1-day move from Dominant Price/Volume Relationships data didn't work, except Tuesday and Today.