Stock Market Continues Bullish Path | Rate Cut Likely
When the Fed cuts rates without a recession, stocks go higher 100% of the time
The Federal Reserve deciding to cut rates can be a great thing for the stock market, or a sign of trouble ahead — depending on the timing.
The first rate cut, when the economy isn’t in a recession, leads to a stock market rally 100% of the time, according to data compiled by Fundstrat going back to 1971. But in the last two cycles, the Federal Reserve cuts didn’t come in time, Tom Lee, Fundstrat Managing Partner and the Head of Research, said in a note to clients Wednesday.
4 habits that self-made billionaires practice nearly every day
There are billions of reasons to follow these habits.
While self-made billionaires have plenty of differences — from the industry they made their money in to where they live — Rafael Badziag, author of the new book “The Billion Dollar Secret: 20 Principles of Billionaire Wealth and Success,” says that there are some things they have in common.
Among them: The little habits that they do every day. He interviewed more than 20 billionaires for his book, most of them self-made, including venture
capitalist Tim Draper;
marketwatch.com/billionaire-habits
Stocks gain, dollar sags as Fed chief shores up rate cut prospects
LONDON (Reuters) – World stocks rose, global bond yields fell and the dollar weakened after Federal Reserve Chairman Jerome Powell bolstered expectations the Fed would cut U.S. interest rates soon.
In his first day of testimony before Congress on Wednesday, Powell confirmed the U.S. economy was still under threat from disappointing factory activity, tame inflation and a simmering trade war, and said the Fed stood ready to “act as appropriate”.
