Fed Day played out about how we expected - a massive buying bender before the FOMC announcement and JPo press conference… and some selling afterward. (And by “some,” I mean we’re off 40 handles since Powell spoke.)
But the price action I’m looking at right now, and which you’ll be seeing in just a second, is a quintessential rippin’ rally.
And that means volatility is coming. I’ve been pounding the table on this for a few sessions now, and I’m seeing nothing that would make me want to change my tune. Buckle up, helmets on.
But if you’re not a believer yet, we’re going to look at volatility futures here and you will see - with your own eyeballs - that we haven’t seen the crush yet. It’s coming.
Here’s what to do…