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December 11, 2019

The 2-day FOMC meeting ended today as the Fed announced that they would keep rates unchanged. This was an expected non-action and they also indicated that there would be no rate changes in 2020. This, of course, depends on economic data. Wall Street remains steady after the news and will probably continue inching higher. The only possible roadblock to new record highs would be unexpected bad news about the US/China trade talks. The December 15 tariff deadline is fast approaching and many expect some sort of mini-deal to stave those increases.

We have a week and a half before the December options cycle ends and our current positions look great!