Samlunch
09-19 18:07
$SPDR S&P 500 ETF Trust(SPY)$  $Invesco QQQ(QQQ)$  


I did not like the 50bps. But the narrative was pushed really well by Powell.

He basically switched gears to we did not do anything in July so 50bps is good start for Sept.

$TSLA $FSLR $ENPH should do well in this environment. They also talked about a cut of 150bps more coming up. Without a timeframe and the speed at which they will cut.

I think I will still stick to 2026 recession irrespective of who the President is.

Will the price be any lower than today with that correction then? I doubt it!


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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