Editor’s Note: This post was made available to paying subscribers in real time yesterday when the Fed chair was just ending his press conference. Since then, paying subscribers were provided with the Morning Capsule with the title “BE WARY OF CELEBRATING THE FED HIKE WITH THE MOMO CROWD AS HISTORY MAY REPEAT” and an Interim Capsule titled “SMART MONEY KEEPS ON SELLING.” To get these capsules in real time, take a 30 day FREE trial.
To gain an edge, this is what you need to know now.
No 75 BPS Hike
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).