Tag: Buy the DIP
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FED rate cut- Panic or Prosper?
Today the FED announced a long anticipated rate cut and the postponement of Quantitative Tightening. It was a classic example of “buy the rumor, sell the news”. The S&P500 dropped more than 1%, breaking below 3,000. Should you panic? I’m not. I maintain the rationale that as long as the economy isn’t headed into a…