The Fed “Rate Cut” Rally Has Already Begun
It’s Ross Givens here, with Chart of the Day. As the Dow hits a historic high and the S&P 500 approaches its peak, we find ourselves in an excellent position. The NASDAQ has surged to levels unseen since January 2022, while US 10-year Treasury yields teeter on the brink of falling below 4%. The Federal Reserve’s announcement of a potential three-rate cut in 2024 adds a promising layer to the market landscape. However, there’s a crucial caveat—timing is paramount. In today’s Insight of the Day, I unravel the significance of swift action and delve into the strategic nuances of capitalizing on this favorable market scenario.