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July 27, 2022

The Fed announced another rate hike of 75 basis points today. The Fed Chair also mentioned that this may be the last of the 75 basis point hikes, depending on market data. Wall Street pushed higher on these comments, sending the S&P500 to a gain of over 100 points today. Despite this huge move, our trade for the week still expired for a profit of 3.1%! Have a great rest of your week!