It is all about what is priced in

Everyone is expecting a rate hike next week, and that the market would be relief once it is done. As this is already priced in the we are seeing the upside action right now, beforehand. This is not surprising and in line with what you would expect if you think in term of what is being priced in. While the media increasingly has been warning of catching falling knifes, I have been getting longer and longer until the negative cash position was reached. We are now seeing the payoff of going against the grain. NQ +1.6%, GOOG +2.6%, TTM +2.9%, GS +2.5%, MA +3.7% etc. I wish I was even longer oil names as crude has been holding strong XOM is near 52 week low, to take one example.