Core inflation hits 2.0 hence the rate rise. FPC means fed policy change.  These are the best times to profit.   Dec 2012, Dec 2013, Dec 2014 & Dec 2015 are all FPC events leading to great Jan profit opportunities:

Dec 2012 QE leads to SPY in Jan 2013,

Dec 2013 Taper leads to TLT in Jan 2014,

Dec 2014 (no rate rise) leads to TLT in Jan 2015 and now

Dec 2015 (rate rise) leads to TLT in Jan 2016.

Jan 2016 is the best time to see C-E or commitment to execution.  SPY is now rallying which will cause TLT to come off.  Low volumes will continue through the holiday period until institutions create their yearly policy in Jan.  So Jan 4 is the day until Jan 27 the sell day…