Take the time to give this a quick read.
The Feds move after the market’s close, the day before an options expiration date, makes no sense what at all. Unless, that is, you wanted to inflict massive pain. BTW, two million shares of SPY were sold mere seconds before the announcement.
We live in a very crooked world. The Fed needs to be audited, abolished and prosecuted. It will never happen.
BTW, if you think I am just squeezing sour grapes, remember that I went short at the close today. I will benefit greatly. This does not, however, change the fact that this is massively wrong.