Market dropped. I thought it is supposed to go up after a rate cut. So, why did it drop now? The economy is not bad.
it’s coming back a little on the back of Apple.
here is part of the problem today
https://www.zerohedge.com/economics/fomc
the initial reaction of the stock indices is usually wrong ... wait until tomorrow ...
See my 20.
“Market dropped. I thought it is supposed to go up after a rate cut. So, why did it drop now?”
1. Expected/hoped for more.
2. Comments indicated a low expectation for much more (just one more quarter point later this year)
3. Yesterday there was big surge in demand for private lending (Repo) which is sign of Global demand for dollars. Those pressures push interest rates upward, potentially offsetting Fed rate cuts. That could have had an effect on the market today.