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Well, this is what we do, folks. Sit around for the next four hours while Powell and his minions dual mandate the shit out of everything. We have no choice but to sit. In the meanwhile, Alcoa is a beauty. I was already super-long puts on this sucker, but I just bought more.
Just thought I’d share the SPY chart overlaid with the event markers for FOMC days. As my mother used to say, “it’s neither here nor there.” Naturally, the market right at this moment (pre-open) is just laying in the dirt like a dying fish, but that’ll all change when Powell does that thang he loves to do.
