🔹 Decision day: the Fed is set to hike at 2 p.m.

Today's Dispatch

› The Fed announces its decision at 2 p.m. Eastern today, with a quarter-point hike over 90% priced in.

› Watch the projections and press conference more than the hike itself — they set the path from here.

› The IPO Frenzy Nobody Expected — Days Left to Get In (ad)

› The 10-year Treasury yield hit 5.04%, its highest since 2007, pressuring stocks a sixth day in seven.

› Stocks slipped again Tuesday — the Dow fell 328 points — as oil held above $108.

› Why gold sat nearly flat near a five-week low, waiting for the Fed like everyone else.

8,000X Oversubscription Could Reset Robotics Stocks

Robotics stocks are having a pivotal moment. And one of those stocks resets its price in days — 9/17 is the cutoff to get in before it does.

A recent robotics IPO was oversubscribed 8,000X, and nuts and bolts flew in celebration.

Experts say this frenzy is about to reprice robotics stocks everywhere — including Miso, whose current price disappears on 9/17.

Everyday investors who moved fast didn't miss it. The ones who waited are the ones asking 'what happened to the price?' a private-stage company named Miso Robotics.

Miso's Flippy robot works the fry station and was already boosting profits up to 4x for restaurant brands like White Castle. That led industry powerhouse Ecolab to invest in Miso’s growth and NVIDIA to collaborate.

Now, after Miso made two major asset acquisitions in 2026, Flippy is the star of Miso’s expanding ecosystem. Customers think of it as the new operating system for modern restaurants.

This year alone, Miso added big-name customers like Jersey Mike’s and Cinnabon, and grew their patent portfolio by ~10X to over 300. Their robots have even expanded beyond restaurants, entering college campuses and NBA arenas.

44,000+ people already claimed their stake — before an 8,000X-oversubscribed IPO put a spotlight on the whole sector. That spotlight won't make the price wait for you.

But hurry. ⏳ Days left. $5.48/share ends September 17 — after that, you're chasing a repriced market instead of getting ahead of it.

(*Sponsored content)

Today is the day. At 2 p.m. Eastern, the Federal Reserve announces its interest-rate decision, and markets put the odds of a quarter-point hike above 90% — which would be the first increase since 2023, lifting the target range to 3.75% to 4.00%. But the hike itself is old news; what matters is what comes with it. Alongside the decision, the Fed releases fresh projections showing where officials expect rates to head next, followed by Chair Warsh's press conference at 2:30. In my view, that guidance — not the widely-expected hike — is what will actually move the market this afternoon.

What Moved the Market

The index levels below are Tuesday's September 15 close — the most recent completed session; this morning's figures, where noted, are intraday ahead of the 2 p.m. decision.

Watch the 10-year yield: at 5% it's the pressure point Barclays flagged as the level where rates become a more persistent headwind for stocks — and it frames today's decision.

Here's what set up decision day:

• Yields hit a 19-year high. The 10-year Treasury yield rose to 5.041% Tuesday, its highest since 2007, driven by the oil surge and positioning ahead of the Fed; the 30-year finished around 5%.
• Stocks fell again. The Dow dropped 328 points, the S&P 0.45%, and the Nasdaq 0.78% — the sixth decline in seven sessions — though some AI names that were hit Monday bounced back, with Qualcomm up more than 4% and AMD up about 2%.
• Oil kept climbing. Crude held above $108 a barrel after new security alerts around a major Saudi Red Sea export port, keeping the inflation pressure that underpins a hawkish Fed firmly in place.
• The hike is near-certain. CME FedWatch put the odds of a quarter-point increase at roughly 92% to 94%, which would lift the target range from 3.50%–3.75% to 3.75%–4.00% — the first hike since 2023.
• Today's the main event. The decision and updated projections land at 2 p.m. Eastern, with Chair Warsh's press conference at 2:30; August retail sales are also due this morning.

The hike is priced in, so the guidance is the story. Markets have fully absorbed a quarter-point increase; what they don't know is whether the Fed signals this is one of several hikes to come or closer to the end of the road. That's why the projections and Warsh's tone at 2:30 matter more than the number at 2:00. With the 10-year at 5% — a level historically where rates start to bite — the market wants clarity, and a Fed chair known for saying little may or may not provide it.

Earnings

Earnings are quiet with the Fed dominating, but a few reads still matter.

• Lennar reports after today's close, a timely look at the homebuilder and housing demand with mortgage rates tied to those surging Treasury yields.
• FedEx and General Mills report later this week, gauges of shipping demand and the grocery consumer.
• The AI trade steadied Tuesday after Monday's selloff, with chip names like Qualcomm and AMD bouncing — a reminder the reassessment is a sorting, not a collapse.
• The just-finished second-quarter season was strong, with the vast majority of S&P 500 companies beating estimates.

With the calendar thin, the day belongs entirely to the Fed. That's a healthy reminder that a diversified portfolio doesn't hinge on any single earnings report; today, the rate decision and its guidance will do more to shape the backdrop than any one company could.

Gold & Silver Moves

My corner, and gold spent Tuesday doing what the whole market did — waiting. It ended nearly flat, trading near $4,293, holding close to a five-week low as investors sat on their hands ahead of the Fed. Silver was steady alongside it. The metal has been pressured all month by rising yields and a firm dollar, and with the 10-year at a 19-year high, that pressure remained — but the selling paused ahead of the decision.

What matters here: gold stopped falling and held its ground into the decision — a market waiting, not one that's given up on the metal.

Here's the read. Gold pays you nothing, so its rival is what a bond yields after inflation — and with the 10-year at a 19-year high, that rival has rarely looked more tempting, which is exactly why gold sits near a five-week low. But notice Tuesday's behavior: gold stopped falling and held near $4,293 rather than breaking lower into the decision. That's a market that has largely priced the hike and is waiting to see the path. This afternoon is the test. If the Fed hikes but its projections suggest it's near the end, the yield pressure that's weighed on gold could ease and the metal could steady. If the projections point to more hikes, the pressure likely continues. The decision at 2:00 is nearly known; the direction is set at 2:30.

The Deal Room

The through-line: a near-certain hike, yields at a 19-year high, and the Fed's projections all land this afternoon — the guidance, more than the quarter point, is what sets the market's tone from here.

Retirement Lens

So what does Fed decision day mean for someone holding stocks, bonds, and a little gold?

Mostly, it's a day to watch rather than act. The hike is nearly certain and already reflected in prices, so the temptation to do something ahead of 2 p.m. is worth resisting. Notice how your holdings are positioned for whatever comes: higher rates continue to lift the income on your bonds and savings to the best levels in nearly two decades, while your stocks and gold have absorbed the run-up in yields without breaking. Each piece is doing its job as the decision approaches.

The honest focus is the Fed's guidance this afternoon — not to trade it, but to understand the backdrop it sets. If the Fed signals it's near the end of raising rates, that would ease pressure across stocks, bonds, and gold alike. If it points to more increases, the higher-for-longer environment continues. Either way, it's information for the years ahead, not a reason to rearrange a portfolio built to withstand both.

Understand it, don't trade it. The Fed will move at 2 p.m., Warsh will speak at 2:30, and the headlines will run hot into the evening — and a portfolio built for the long haul meets decision day the same way it meets any other: steadily, letting its balance carry the load. Watch it with interest; let your plan stay put.

*Miso Robotics is offering securities through the use of an Offering Statement that has been qualified by the Securities and Exchange Commission under Tier II of Regulation A. A copy of the Final Offering Circular that forms a part of the Offering Statement may be obtained from: invest.misorobotics.com/

The Bull Investor is for informational and educational purposes only and is not investment advice. I am not your financial advisor. Do your own research before making any decision.

— Anthony