Ahhh gotta love the enthusiasm and the hype behind the possibilities of investors hoping and praying for rate cuts.....most expectations are for rate cuts in the first quarter of 2024, too hilarious. Rate cuts are not happening as quick and as aggressively as most want them to.....I say take the rates to 7, 8 9 10% I'll gladly take risk free returns on my money in a nice interest bearing money market account...these fools should quit crying about rate cuts and deal with it...we had 0% for far too long and this is why we are in the situation we are now. But on second thought I hope they cut rates to 2% so that inflation comes roaring back and the fed comes out using the word transitory once again only to be fooled into raising rates back up to 5%....oh would this be an absolute pleasure of a scenario!!! https://www.cnbc.com/2023/11/15/the...ill-come-down-a-lot-it-could-be-let-down.html
If the Fed cuts in spring/summer 2024 it’s because the economy and market are collapsing. People should be careful what they wish for.
Agree, the fed cuts will come on the back of some black swan event or uptick in unemployment and slowdown in consumer Spending. . It will not be because they just want to lower rates and make investor's giddy
Eh, it’s 2023. The equity market will look through any economic weakness, as the government has a de facto policy (since LEH and especially since Covid) of guaranteeing that consumer spending won’t fall below the long-term trend for more than a few months. Stated differently, family offices and pension funds aren’t going to panic and shift into cash because of a few weak revenue quarters. Any selloff against a backdrop of collapsing discount rates would be a screaming buy.