Today felt like a classic volatility-dispersion session for the stock market, with a handful of mega-cap tech names driving the S&P 500 higher while the rest of the index struggled to gain any real traction.

The yen is now the strongest currency in the world. Since the yen is a funding currency for global assets, this breakout could signal a burgeoning credit crisis that reverses the dollar trade entirely.

Stocks rise as earnings and Fed decision offset political uncertainty.