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Jerome Powell Flags Rate Cut as Global Chill Outweighs Good U.S. News

By Bloomberg

The Federal Reserve is preparing to cut interest rates for the first time in a decade because it sees a cooling global economy and no sign of overheating in the jobs market at homeRead full story

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  • The current environment is similar to 1998 when the fed lowered rates after the Asia financial crises and fueled a dramatic stock market rally despite slowing economic growth. It’s unlikely that the stock market will rally with the same magnitude as it did in 1998 and 1999. But the playbook should be

    The current environment is similar to 1998 when the fed lowered rates after the Asia financial crises and fueled a dramatic stock market rally despite slowing economic growth. It’s unlikely that the stock market will rally with the same magnitude as it did in 1998 and 1999. But the playbook should be kept in mind when people complain about higher stock prices despite muted economic growth

  • Many will scour the details, trying to determine the magnitude and direction of the market’s next move.

    But the lesson is straight up front. A plethora of experts have continued to forecast the market’s imminent fall. The plethora of experts continue to be incorrect. The economy is continuing to do

    Many will scour the details, trying to determine the magnitude and direction of the market’s next move.

    But the lesson is straight up front. A plethora of experts have continued to forecast the market’s imminent fall. The plethora of experts continue to be incorrect. The economy is continuing to do well. That will continue to be the case until it’s not. The lesson is that the experts don’t know diddly squat and you will never make money on the sidelines.

    Certainly the market will fall. Actually, it will fall many more times. But each time it will climb higher than it fell. You either believe in equity investing or you don’t. Choose wisely, but still choose.

  • All about the rates. Nothing else matters. Trump getting his way as his trade war forces the Fed’s hand. Well played. But wouldn’t we prefer the SP500 reaching new highs due to great EPS growth?

  • Interesting that he notes “serious concerns” about Facebook’s crypto efforts. Libra serves as a potentially viable threat against the dollar. Those kind of remakes gives Libra more credibility as an alternative currency.

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