I have to say the cut appeared to have already been priced in. Bad sign. I think most figured at least this would be an up week. Tomorrow’s a big day. We shall see.
I disagree on the pricing in thing. We saw the headlines from all the pundits yesterday claiming that the record-point rise in the Dow, and the amazing jump in general yesterday across the equities, was due to an expected rate cut.
So it happened today, and so if it was priced in, markets should have been flat today, yes? Or was the drop because peeps were expecting it at the meeting in two weeks, and not in a panicky emergency cut that we had today? So hard to tell with these bits.
I'm of the opine that the emergency cut wasn't needed. We could have waited for 2 more lousy weeks! Now pardon me while I down some Purell shooters mixed with whiskey.
P.S. for extra safety, I'm shoving Zyrtec/Zicam swabs up my ass. You know, for added protection.

