All right, friends. How you doing Ernie here? And it is Wednesday, September 22nd. And it is our second zero DTE trading day of the week, Monday, a huge win. And today another huge winner in the face of the FOMC minutes being released today. And this is a very interesting one. And it's one of the reasons why today I want to talk about how the FOMC, the federal open market committee or the F the board of federal reserve governors along with their illustrious leader, Jerome Powell, have decided that they're going to guide this market and how that affects our zero DTE.
I'm sorry, our zero dash DTE strategies don't ever forget the dash that's 0-dte.com. You want to try out the service at 0-dte.com/try pretty easy.
And you'll be very, very happy when you do try by the way. Anyways, excuse me, anyways, back to the FOMC and what they mean to us. They don't mean a whole lot to us. Really as traders. The FOMC, although they will affect where the market goes in a large degree, uh, and, and they Telegraph it.
So that is to our benefit, but I don't see the FOMC as hurting us or helping us. In that they are not doing anything that would make our job more difficult on the contrary. I think that the way the FOMC telegraphs their moves or how they're going to guide the economy. So they think they are doing that is to our benefit.
We find. In general, I'll have to say this, that in general, the FOMC and the fed governors, some of them are okay, but they're as a group, mostly wrong about everything that they're doing. When you consider that, if they are in fact guiding the economy, they're doing a horrible job at it. So. They rarely do what they say they're going to do or what they're trying to do.
Or they use mealy mouth excuses to let us believe that they know what they're doing. But all of that aside, it, it is of no consequence because regardless of whether or not what they're doing works or not, the market reacts to what they say. And that's what is important to us.
There's the first article that has come out that I've seen on Yahoo finance. And I'd like to explore that a little bit. Now. I haven't read it yet. I've only seen the headline and it says fed signals possibility of six to seven rate hikes through 2024 as taper talks, advance. Right. Now they've been talking about talking about tapering for a long time, and we're still in, I believe that stage of talking about talking about tapering.
There are no real plans to taper. Now they've given us a date of 2024, because there was at some point a date that was floating around, like at the end of this year in November or something. And of course that went right out the window. What they do is. They'll throw out this bait and then see how the market reacts to it.
I don't believe that anything that, what they're saying has true intent other than to be like, A B testing from a marketing exact right. That's that's what they're doing. They are testing the market, testing the waters by throwing chum out there and seeing how many sharks show up. They have no intention of tapering anytime soon.
Now, first of all, what is tapering actually mean in the truest sense of the word? Tapering would mean reducing the Fed's balance sheet, and the reason why you would do that is that that balance sheet it's largess. Cost us a lot of money, the taxpayers, a lot of money to maintain.