Fed hiked 25bp, first in 3 years, unanimous 12-0. Stocks were higher pre-decision, then fell hard once Warsh's hawkish press conference began — $DIA -1.21%, $SPY -0.45%, $QQQ nearly flat. Dot plot shows at least 1 more hike expected this year. This morning: real relief rally — $QQQ +1.1%, $SPY +0.8% — as oil retreats and the hawkish outcome is now priced in and behind us. Margin still coasting down toward the low 30s. Full breakdown — link in bio. Not financial advice — simply my journey in margin.
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