Covering SPY short @ $428.91
Realized gain of $16.09 (3.62%)
As much as I think the stock market is hugely over-valued and over-bought, that doesn't always translate into short-term realities.
So I'll take this recent selloff to lock-in my profit and move along with my life for now.
The Fed starts their meeting tomorrow - with a release Wednesday. How they respond to their Presidents owning/buying/trading stocks and index futures all of the way up will be telling. They should be fired, sent to jail, or worse. But the Fed is also propping up the markets. Staying short might be the better read here - but I like to take profits when I get them too...
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