By having their meeting early (surprise) and a "bigger than expected rate cut", they hoped to shock the markets. Didn't work apparently.
I'm curious how are you all going to trade it? I'm long small size inverses TVIX SQQQ etc and oil/gold UWT NUGT. main strategy will be day & swing trading UVXY VXX SQQQ TVIX SOXS and bounces in oil and gold We'll likely get more 15minute halts which is a pain. I predict at least one even bigger halt/crash.... I'm a happy bear, but concerned for all re this virus
Futures didn't get killed despite full point Rate Cut! Futures moved massively due to full point Rate Cut! investors investing based on hope get killed. Day traders don't get killed.