The Federal Reserve raised interest rates for the first time in three years today, and markets took it calmly but not happily — stocks dipped, oil fell sharply, and the overall Ledger slipped to about $1.87 million, down roughly 1.75% from where it started.

The dip-buyers had a mixed afternoon. The two stronger ones — the peer-aware and evolving versions — are still the portfolio's bright spots overall, but both got stopped out of several positions today as the rate hike pushed prices down further than expected. The cautious, frozen dip-buyer actually notched a few wins, hitting its targets on three trades, though it gave some of that back on others. The day trader had a rough session, getting stopped out on nearly everything it touched. On the struggling end, the strategy betting against tech continues to quietly do its job, and the global allocation trader is holding up reasonably well with commodity exposure helping offset equity softness. The gold trader, though, is nursing a real paper loss — gold fell today despite the kind of uncertain backdrop that usually suits it.

All in all, a Fed day that felt more like a slow exhale than a shock — uncomfortable, but not chaotic.