Based on the CME group's fedwatch tool it seems that with a big uptrend after the FOMC meeting the market has priced in a 78.6% chance of a 75 basis point hike in June. This is down from a 95.4% chance yesterday before Powell said the fed is “not actively considering” a 75 point hike in June but a 50 point hike is “on the table”. So it seems like we still have a ways to go for the updated odds to be reflected in the market, so I'm expecting a bullish trend till the end of the week, and then Putin will do something crazy on Monday and tank the markets. My play is QQQ and TSLA calls for 5/6. Thoughts?
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