The impact of Fed rate cuts is already upon us, with stocks rising and the 30-year mortgage rate dropping from 7% in July to 6.2%. The Fed stole the limelight with its decision in September to lower the benchmark interest rate to a target range between 4.75% and 5.00%. Market watchers on the consensus side …
September Rate Cuts
September rate cuts, the Fed white knight to the rescue, will finally happen starting September 18, which the beaten-down bulls desperately need. A 4% drop will put the Nasdaq back to Nov 2021. Darren Winters points out that Amazon, Tesla, and Alphabet are already back where they were 3 or 4 years ago, and Nvidia …