Tomorrow’s going to be a big day for me. I’m going full conviction and heavy in puts tonight $xsp. Ex dividend day is 75 percent of the time a move lower. Tomorrows pay out 7.52–$7.53, for a yield near 1.0%. Which will be a draw down of .25% at open. Compounding that with opex too $spx $qqq $spy
I went through EVERY Fed rate hike since 1994 to see what the S&P 500 actually did afterward.
Not the last 5. Not the last 10.
Every single one. 51 rate hikes.
For each hike, I took the $SPX CLOSE on FOMC day and measured the largest decline to the lowest CLOSE over the following 5 trading days.
No intraday lows. No cherry picking.
Here are all 51 ⬇️
It’s been a great month so far. Actually one my best months to date. Hopefully we can find the right direction after rate decision this afternoon. I believe this will be a large transfer of liquidity. We find a bottom and be bullish in to midterms. $spy $qqq $spx