Reported 19 days ago
Following the Federal Reserve's decision to cut interest rates by 50 basis points, US stocks experienced gains as investors digested the implications. Peter Tchir, head of macro strategy at Academy Securities, suggests the market may have overreacted, but anticipates a stabilization as investors adjust. He highlights the potential for the Russell 2000 small-cap index to show momentum while warning about risks in market rotations, particularly in the bond market as it remains relatively stagnant ahead of the presidential election.
Source: YAHOO