Could Fed Minutes Roil Markets?

If you're betting on upside, eat lightly. A potent catalyst could roil markets on Tuesday.

We’re hearing the latest Fed minutes, scheduled to be released Tuesday around 2pm, could give bulls upset stomach.

That’s because the minutes may show that dissent is growing inside the Fed – that a growing number of policy makers are growing skeptical of Ben Bernanke’s very accommodating market policies.

Of course, that’s not new. Already on CNBC two Fed officials have all but said the Fed has done enough. The Street knows there’s dissent at the Fed.

So, why could the Fed minutes roil markets?

It’s not what the Street knows, explains top hedge fund manager Anthony Scaramucci, it’s what the Street is starting to remember.

“In November 2010 the Fed induced QE2and markets rallied. And then they pulled it in June 2011 and by the end of summer the market had started to retrace badly,” he says.

And the Street is starting to worry history may repeat itself.

“Operation Twist is scheduled to end in a few months," he reminds. And with the market always looking forward, the Fed minutes could send at least some investors to the sidelines, now.

Sentiment on the Street is starting to feel as if, "We’ve got to be very careful when Twist comes off at the end of June,” says Scarmaucci.

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Trader disclosure: On Apr 2, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Anthony Scaramucci is long BAC; Anthony Scaramucci is long C; Anthony Scaramucci is long JPM; Anthony Scaramucci is long IBM; Anthony Scaramucci is long SBUX; Anthony Scaramucci is long AMZN; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long AGU; Guy Adami is long BTC; Jon Najarian is long AAPL CALL SPREADS; Jon Najarian is long AKS CALL SPREADS; Jon Najarian is long GS CALL SPREADS; Jon Najarian is long WNR CALL SPREADS; Jon Najarian is long JOY CALL SPREADS; Jon Najarian is long SBUX CALL SPREADS; Jon Najarian is long GDXJ CALL SPREADS; Jon Najarian is long FCX CALL SPREADS; Jon Najarian is long CBOE; Jon Najarian is long CIGX; Jon Najarian is long CME; Tim Seymour is long BAC; Tim Seymour is long CSCO; Tim Seymour is long GMCR; Tim Seymour is long FCX; Tim Seymour is long GFI; Scott Nations is long BAC; Scott Nations is long C; Scott Nations is long SPY

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