Fed Rate Hike Day - What to expect when you're expecting

Basically the same, just muted movement, we’ve been staying within a $1 channel for SPY. Other stocks have been doing their own thing but most are also pretty muted too. Everyone just holding their breath waiting.

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Hall-of-Fame tier thread. Thank you to everyone that contributed!

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I will admit, though there were only 3 steps to follow I forgot to buy-in right before J Pow started to talk. Instead I was just watching the livestream like a deer in the headlights trying to see if he says anything different from Jackson Hole. I managed to jump in for a little bit but I should have been paying better attention. Also I was screwing around too much earlier in the day and didn’t have much BP left, so shame on me.

Next Rate Hikes Are:

  • November 2nd
  • December 14th
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Also adding this chart for record. While IV was building up during the day, looks like it peaked at 2:15 and bottomed around 2:45. Will update the first post with the SPY chart and data for the day so we have it on record for next time.

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