ET
Energy Transfer LP Common Units representing limited partner interests
stock NYSE

https://preview.redd.it/44xls1v8gxph1.png?width=931&format=png&auto=webp&s=0eccffb12f103b935c1a397caabd69079dd524b4

Fed just hiked 25 bp to 3.75% to 4.00%, first hike since July 2023. What it means for SPAC trusts, arbs and deSPACs (mod thread)Quick one from the mod team since a lot of people are going to ask.
**What happened today (Sep 16)**
* FOMC raised the fed funds target range 25 bp to 3.75% to 4.00%. Vote was 12-0.
* First hike since July 2023. The 2024 to 2025 cutting cycle is officially done.
* Statement language: "Economic activity is expanding at a solid pace," "inflation remains elevated," and the hike "will support a timelier return to the Committee's 2 percent goal."
* Dot plot: median has one more hike in 2026 and another in 2027. 2% PCE now pushed out to 2029.
* This is Warsh's first hike as Chair. Presser was 2:30 ET.
* Market shrugged: S&P +0.3%, Nasdaq +0.7%, 10-yr eased to about 4.97%, 2-yr about 4.63%. It was priced in.
**Why it matters here**
1. **Trust yields go up.** Trusts sit in T-bills and money market funds, so the per-share accrual ticks higher. If you're holding a pre-deal SPAC at or under trust, your carry just got a little better. Check the trust balance in the next 10-Q, not the IPO number.
2. **Redemption floor gets stickier.** Higher risk-free means a higher bar for any deal to clear. Every deSPAC vote is now competing against roughly 4% guaranteed in the trust. Expect redemptions to stay heavy on anything without real institutional support.
3. **Arb math.** Yield-to-liquidation on pre-deal SPACs moves with T-bills. Names trading at a discount to trust plus accrued interest are a little more interesting. Names trading above trust with no deal have less cushion.
4. **PIPEs and non-redemption agreements cost more.** Sponsors fund deals with capital that just got pricier. Watch for more structured PIPEs, converts, and forward purchase agreements instead of plain common.
5. **DeSPAC valuations.** Long-duration, pre-revenue stories get hit hardest when the discount rate rises. Profitable, cash-generating targets hold up better. Nothing new, but the direction changed today.
6. **Extensions.** Sponsors will keep extending, but "waiting for a better window" just got more expensive for everyone. More liquidations likely on the 2024 vintage that hasn't found a target.
**What I'm watching**
* The Nov and Dec meetings. If the dots hold, one more 25 bp before year end.
* Whether new SPAC IPO filings slow down. The last two years were built on falling rates.
* Trust-per-share updates in the Q3 10-Qs.
Not financial advice. Post your trust yields and redemption thoughts below. Keep it civil, no pumping tickers.
**Sources**
* Fed statement: [https://www.federalreserve.gov/newsevents/pressreleases/monetary20260916a.htm](https://www.federalreserve.gov/newsevents/pressreleases/monetary20260916a.htm)
* CNBC, Fed rate decision September 2026: [https://www.cnbc.com/2026/09/16/fed-rate-decision-september-2026.html](https://www.cnbc.com/2026/09/16/fed-rate-decision-september-2026.html)
* CNBC live blog, Warsh presser: [https://www.cnbc.com/2026/09/16/fed-meeting-today-live-updates.html](https://www.cnbc.com/2026/09/16/fed-meeting-today-live-updates.html)
* Yahoo Finance live, first hike in 3 years: [https://finance.yahoo.com/economy/policy/live/federal-reserve-meeting-live-updates-chairman-kevin-warsh-143452661.html](https://finance.yahoo.com/economy/policy/live/federal-reserve-meeting-live-updates-chairman-kevin-warsh-143452661.html)
* Kiplinger live commentary: [https://www.kiplinger.com/investing/live/fed-meeting-updates-and-commentary-september-2026](https://www.kiplinger.com/investing/live/fed-meeting-updates-and-commentary-september-2026)
* CNBC, 10-yr yield below 5% ahead of decision: [https://www.cnbc.com/2026/09/16/treasury-yield-bond-market-fed-decision.html](https://www.cnbc.com/2026/09/16/treasury-yield-bond-market-fed-decision.html)

FOMC Press Conference with Chair Warsh 2:30 PM ET - [WATCH LIVE](https://www.youtube.com/watch?v=yPYZpwSpKmA)

PAMP ET

Fed rate decision at 2PM ET today. Expect volatility across the market as the announcement hits. Fed Chair Kevin Warsh’s press conference follows at 2:30 PM ET..

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This day has finally arrived! Fed Time!

Let's take a look at some Big Picture Set-Ups to see if we can arrive at a directional reaction to whatever the Warsh Fed does and says between 2 PM and 3:30 PM ET today:

Weekly 10-Year YIELD argues for upside continuation -- not necessarily immediately -- to 5.25%-5.50% before pivoting to the downside into a major correction. If that proves to be the case, then will upside continuation from 5% to 5.25% result from Warsh failing to hike enough, or from Warsh choosing to pause for a while longer, enabling more time for the Oil shock to "burn itself out."

The technical setup exhibited by my Weekly YIELD Chart does NOT suggest to me that nearby Crude Oil is in any position to reverse. Maybe the upward trajectory stalls or pulls back to 90-92 support, but, in any case, Crude Oil points to a minimum of 110, an optimal upside target zone of 125 to 128, and an outlier target zone of 180-200.

If the technical setup of the Oil market is calling the shots for the economic and financial landscape, then YIELD won't stop rising at 5% regardless of what the Fed does and says today.

PAMP.ET

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I amma sit out until 2pm ET today.

Why can’t FOMC be like at 10am ET?

2PM ET

**📊 Key U.S. Economic Data (ET)**
**8:30 AM** | Core Retail Sales m/m | Forecast: 0.6% | Previous: -0.3%
**8:30 AM** | Retail Sales m/m | Forecast: 0.8% | Previous: -0.6%
**2:00 PM** | Federal Funds Rate | Forecast: 4.00% | Previous: 3.75%
**2:00 PM** | FOMC Economic Projections
**2:00 PM** | FOMC Statement
**2:30 PM** | FOMC Press Conference
⚠️ For informational purposes only. Not financial advice.
📌 #RetailSales #FederalReserve #FOMC #InterestRates

t signed a term sheet to combine with NovaGen, pairing edge computing with a longevity-health platform. There's also a proposed $10m investment. Neither transaction is closed, and the roughly $750m valuation comes from management's projections and a valuation based on those projections. It isn't a cash offer for today's shares.
Still, the move was real. Stock Pulse mobile app flagged $4.2298 at 7:48 AM ET. VEEA reached $7.49 at 12:29 PM, about 77% higher over 4 hours 41 minutes. It finished regular trading around $5.70.
Anyone dug into what existing VEEA hold

Pally and Lions amongst US 🙏💜💜💜🙏 whatch out for the ET TNT

here's also a proposed $10m investment. Neither transaction is closed, and the roughly $750m valuation comes from management's projections and a valuation based on those projections. It isn't a cash offer for today's shares.
Still, the move was real. Stock Pulse mobile app flagged $4.2298 at 7:48 AM ET. VEEA reached $7.49 at 12:29 PM, about 77% higher over 4 hours 41 minutes. It finished regular trading around $5.70.

Don't forget to close your positions before 2PM ET tomorrow. Or "today", if it's already Wednesday when you read this.

https://preview.redd.it/opkqxlxicrph1.png?width=2800&format=png&auto=webp&s=e930691faf2933cb17c47c0d19d4fe98c54539e7
Genuine question: did anyone find company news behind RETO today? I checked the announcements and couldn't find a fresh catalyst explaining this.
Stock Pulse mobile app flagged $0.7435 at 11:09 AM ET. It hit $4.46 at 1:46 PM, roughly +500% from the alert, then closed the regular session at $3.41.
Then came the stranger part: an $8 high at 4:05 PM after hours. That's about +976% from the alert. Massive shows roughly 2.19m shares traded during that minute, but that's volume across the whole candle, not 2.19m shares at $8. The same minute closed at $6.15.
Huge move, very different prices depending on when you looked. If you followed it live, what explained the buying? I'm not comfortable calling it a short squeeze without evidence.
Company-news feed checked: [https://www.stocktitan.net/news/RETO/](https://www.stocktitan.net/news/RETO/)

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https://preview.redd.it/f083c4oz2rph1.png?width=2800&format=png&auto=webp&s=fea1d1cc65ca14c0e09c8af4db110dbd27ad514d
The important word in VEEA's announcement is potential.
It signed a term sheet to combine with NovaGen, pairing edge computing with a longevity-health platform. There's also a proposed $10m investment. Neither transaction is closed, and the roughly $750m valuation comes from management's projections and a valuation based on those projections. It isn't a cash offer for today's shares.
Still, the move was real. Stock Pulse mobile app flagged $4.2298 at 7:48 AM ET. VEEA reached $7.49 at 12:29 PM, about 77% higher over 4 hours 41 minutes. It finished regular trading around $5.70.
Anyone dug into what existing VEEA holders would actually own after the combination? That's the detail I'd want before treating the headline valuation as meaningful.
Company announcement: [https://www.stocktitan.net/news/VEEA/veea-inc-and-nova-gen-announce-potential-merger-to-launch-an-edge-ai-0r455fmvmuy6.html](https://www.stocktitan.net/news/VEEA/veea-inc-and-nova-gen-announce-potential-merger-to-launch-an-edge-ai-0r455fmvmuy6.html)