The Fed cut rates by 25 basis points yesterday, an expected move by Wall Street and economic professionals. The chances are pretty high for one more rate cut before year's end and we may stay flat for a while after that. The markets sold off after the news but did recover to close near the flatline yesterday. We are up today and should make solid gains for the session.
Our current positions will expire tomorrow and we have over a 99% chance that they will be profitable. We will make the official announcement after tomorrow's close.
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