Fed’s Beige book to be released at 2 PM ET.

What will the regional stories say this month
Now the election is no longer an uncertainty and the market has certainly weathered the storm with the S&P, Dow and Nasdaq all reaching new record highs.  Will this report reflect the increased optimism? You can argue that a lot of the fear is gone and that should lead to a more favorable text.  Of course with the expectations that the Fed will tighten in December, it also argues for positive headlines from the report.  The final question, is does the market really care?