Here's my humble views for the coins!
1. Rate cut is largely priced in and should be expected. The crux is whether there will be further cuts and how much.
2. The latter is going to swing the market. To be conversativre, I have set some stop losses in place. A cautious investor may want to lock in their profit now.
3. As the US economy is still strong, especially with holiday spending season coming up, I take the view that there should be at least one more cut, totalling 50 basis point cut for 2025.
Bonus value, I think that the average American will grab the chance to refinance their mortgages so I think this sector is going to pop. I bought into $loanDepot, Inc.(LDI)$ (fellow baggers come give a like!)
@CaptainTiger @Daily_Discussion @Buffett Investment Tracker @Bill Gates Holdings @Tiger_comments
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