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Tag: FED Rate Cut

  • FED rate cut- Panic or Prosper?

    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…