9/16/2026 Recap: Interest rates raised. Now what?
- We got the telegraphed .25 rate hike
- Interesting to see $XLE $XOP $OIH all close in the red. Refiners do not seem to care
- $XLF under some big pressure losing the 50sma
- $SPY looks like broken structure for now. $QQQ surprising to see close in the green.
- $GLD $SLV both lower on the dollar rising.
- $CIBR nice action from cybersecurity names. $CRWD $PANW $OKTA $RBRK
- $SPCX sticking to that $150 level. Do we see some follow through soon?
- $MAGS still has a constructive base. Can that group finally get going.
- $XBI former leading group coming under more pressure.
- Doing less here with smaller size feels like the right idea. Even if we bounce we have overhead supply to deal with.
Just bit of “odd pattern recognition”
DJT’s Speech 7/16/2026
Is going to be The “Start” of the 2020 Election bombs
7/16/1999 is the date of his close friend JFK Jr reportedly plane crash
Q 1083 speaks to
DJT & JFK Jr’s relationship
The Crash
The “Start”
It ends with “As The World Turns”
Today a star from “As The World Turns” reportedly passed away.
Today's Key Events (All EST) — 10/16/2026
09:15: US Industrial Production MoM
13:00: US Baker Hughes Total Rig Count
14:00: US Federal Budget Balance
16:00: US Overall Net Capital Flows
16:00: Monthly OPEX
Before Open 👇
05:30: M&T Bank (MTB)
06:00: Regions Financial (RF)
06:20: Citizens Financial Group (CFG)
06:30: Truist Financial (TFC)
06:55: The Travelers Companies (TRV)
08:30: Ladder Capital (LADR)
SUMMARY OF FED DECISION (9/16/2026):
1. Fed hikes interest rates by 25 bps for first time since July 2023
2. The decision was made in a 12-0 unanimous vote
3. Fed says the decision will support a "timelier" return to 2% inflation
4. Median Fed forecast shows one more 25 basis point rate hike in 2026
5. Fed says job gains are strong and the unemployment rate has "changed little"
6. "The Committee will deliver price stability," the Fed's statement says
Higher for longer is back.
Today's Key Events (All EST) — 09/16/2026
07:00: US MBA Mortgage Applications
08:30: US Retail Sales
10:00: US NAHB Housing Market Index
14:00: FOMC Rate Statement
14:00: US FOMC Economic Projections
14:00: US FOMC Statement
14:30: Fed's Powell Press Conference
16:00: US Overall Net Capital Flows
16:00: Salesforce $CRM Dreamforce investor session
Before Open 👇
06:00: LuxExperience B.V. LUXE
After Hours 👇
16:45: Lennar LEN
John Solomon unpacks a bombshell revelation about James Comey:
( TruthSocial: May 16 2026, 8:06 AM ET )