- US equity futures are flat ahead of the Fed meeting, with rates slightly higher
- Expectations are for a 25bps hike; however, there are a lot of mixed expectations around the street
- Meme stocks are back with GME up 50% in the premarket
- Powell was hawkish and firm. The markets got the message.
- It’s ugly out there and I’m set up net short and remain very cautious
- Covering one short I got lucky on
- This will likely be the last note of the day