Fed Puts Coal In Our Stockings - We Are Back In Cash - No Catalyst

One Option Trading Blog https://ift.tt/2SeM3OE Posted 9:30 AM ET - Yesterday the Fed put coal in our stockings. The FOMC statement was the last potential catalyst of the year and we did not get what we wanted. Stocks sold off on the news and the market closed on its low of the year. The early bounce this morning is not likely to hold. As expected, the Fed hiked interest rates a quarter of a point and they reduced their projections for next year (two rate hikes). They did not remove the phrase "need for gradual increases" and they still plan to reduce their balance sheet by …