All the commotion over the Fed cutting interest rates finally reached a climax last week and equity markets loved it. After a relatively muted reaction immediately following the announcement, Thursday was an explosion of volume, and everything was being bought regardless of sector or trade location. As discussed earlier this month, this is the reaction we were set up for and our portfolio outperformed by a healthy margin into the rally. With this pivotal moment in the rear view, we’ll have to adjust our strategy based on the winners and losers of this move. Fortunately, there are plenty of options for us to consider as the bull market rages on and more and more stocks continue making new all-time highs each week.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful. The content is developed from sources believed to be providing accurate information.