$NVIDIA Corp(NVDA)$ I don't ag

$NVIDIA Corp(NVDA)$ I don't agree the FED should have lowered by 50 bps because, like traders of long term bonds, I believe this move will reignite inflation.

However, I have enough sense too look at the thinking on why go 50.

I have to wonder if the FED is truly worried the jobs numbers are so doctored that true unemployment is closer to 5% than anyone can imagine.

Won't change my holding in NVDA but it makes me more sanguine on the SP price going into late 2024.[Lovely][Lovely][Lovely]

50 bps! Ready to Embrace Rally or Sell the News?

On September 18, 2024, the Fed cut rates by 50 basis points to 4.75%-5%. This is the first cut since March 2022. The Fed forecasts a total of 100 basis points in cuts for 2024 and another 100 basis points in 2025. The Dow Jones and S&P 500 both hit record highs during the trading session but soon gave back some gains. All three major indices turned negative, with the Dow down 0.25%, the Nasdaq down 0.31%, and the S&P 500 down 0.29%. ---------------- Will 50bps continue to boost market higher or time to sell the fact?

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