The Fed cuts rates and the market moves to all-time highs! Let’s talk about this on the Weekend Market Review with Brett Witkowski.
We are at all-time highs on the SPY and seem to be pretty close to exiting the 50-day testing phase. Clearly, the market is responding very strongly to the rate cuts and with them being bigger than expected, all of this will have a stimulative effect on the market. It is interesting as this is usually the weak point with seasonality in the market, but this market continues to be defiant and float higher.