@AllQuant:
We are just hours away from the FOMC statement, and the market is all but certain of a 25bp rate hike. Jerome Powell is not likely to hike 50bp when the banking crisis is still fresh in peoples' minds. If anything, he might just pause and observe how the crisis develops. Hence, there is a greater potential surprise in the form of a pause in rate hikes.$SPDR S&P 500 ETF Trust(SPY)$ $iShares 20+ Year Treasury Bond ETF(TLT)$ $SPDR Gold Shares(GLD)$