It says 12.04 low https://search.yahoo.com/search?p=v...fp-hrmob&type=&fp=1&toggle=1&cop=mss&ei=UTF-8
So no rate cut stocks tank on July 31st, a 1/4 rate cut and stocks stay put .. No way no how the fed does 50 basis points, so no need to even begin to predict that move by the fed. Goldman Sachs warns investors that a Fed rate cut won’t do much for the stock market PUBLISHED 43 MIN AGO An interest rate reduction by the Federal Reserve, if it were to happen, probably wouldn’t lead to a big increase in stocks, the chief U.S. equity strategist at Goldman Sachs told CNBC on Tuesday. “A lot of that rise in the market, in my estimation, is already behind us,” said Goldman’s David Kostin in a “Squawk on the Street” interview. “Ninety percent of that rally has been about multiple expansion.” https://www.cnbc.com/2019/07/09/gol...t-a-fed-rate-cut-wont-do-much-for-stocks.html
Yep Powell bowed to wallstreet just like every past fed chairman. Hinting at a rate cut at end of July just because wallstreet wants one! Can't disappoint wallstreet!!!
Wow ... hilarious haaaa This rate cut situation is funny as fu$k. Morgan Stanley sees Fed cutting by half percentage point at July meeting PUBLISHED 2 HOURS AGO