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Market retreated in last 23 times after FED's meetings. It seems that it will be no difference this time. But as I mentioned many times, using 2X, 3X inverse ETFs to short the market is fool's game. But better approach is still to hold core position and protect/hedge.
At this moment, S&P puts are pretty cheap. VIX is low. It makes lots of sense to add protection.
Momentum stocks are still in trouble. It is not likely to change anytime soon although some short term bounce will happen.
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