Thoughts ahead of FOMC rate decision at 2pm ET

At 2:00pm ET today, the FOMC will make its interest rate decision for September and a press conference starting at 2:30pm ET:

  • The Street is expecting 25bp and I think that sounds right
  • Consensus thinks stocks will sink in disappointment at 25bp
  • This is what I am hearing from many investors as well

But here is our take:

  • Stocks are hesitant today and tentative to Fed
  • Investors are expecting stocks to be down

Thus, we think stocks rally post Fed decision

We would expec...

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