To gain an edge, this is what you need to know now.

100 Basis Point Rate Increase

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

  • Prior to today, most credible economists were predicting either a 50 basis point or a 75 basis point rate hike at the next Fed meeting.  Of course the momo gurus were at 50 basis points.
  • In the Morning Capsule we shared with you The Arora Report’s analysis based on the CPI data:

The probability of a 75 basis point hike later this month is now 95%.