Most Likely No FPC

Most likely there will be no FPC (Fed Policy Change) on Sep 21.  Yellin’s comments of a rate rise this year imply a Dec rate rise not Sep.

The market will still go down in October due to the election but not enough to justify a play. A lack of Sep FPC  leads to the SPY short / TLT hybrid strategy on Jan 2 after rate rise in Dec.

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