Today, we await the Fed decision on rates. It is expected for them to cut rates by another 25 basis points. What may be in question is the wording they use to describe the current environment and how aggressive they will be with cutting rates going forward. Any hawkishness may result in the markets pulling back a bit. For now, we are at record levels and sentiment on Wall Street is pretty positive.



We opened a bear call spread yesterday and it expired for a profit of 3.1%! We will see how the market reacts to today's Fed decision and prepare for next week's trade. It will be a shortened trading week so we will see what opportunities present themselves. See you next week!