The stock market had already begun the “erasing the losses cycle” YESTERDAY, Dow up by 1,200 points, BEFORE the Fed acted.
I think sanity was already returning to the economy and the Fed’s actions today was not needed.
I think the Fed is over reacting now, just as the stock markets were over reacting last week.
I don't, the virus will, because of the panic, cause an economic slowdown and the rate cut is meant to alleviate that.
Are you aware of why? Hint - it wasn't because a lot of investors saw cheap stocks and decided to jump back in.