Although there has been volatility in the market, there may be a chance for stocks to rally after an interest rate cut from the Federal Reserve. Should investors prepare for the best or the worst?
He continues with:"So I guess the way I would think about this is we still think the primary trend for the market is higher, at this point, we're sticking with that. We would look at pullbacks as an opportunity to add for that, because we still think the probabilities still support a fourth quarter rally."I actually wanna uh start uh Keith where Julie was just talking about just some of the economic data.
You know, it's an interesting question because I think, you know, one point of view is that if the fed goes 50 basis points and as opposed to 25 basis points that will acknowledge that it's maybe something worse like the economy is in worse shape. And then the other thing is you get into October in a, in an election year, you tend to see a spike in volatility as anxiety builds up ahead of the results.
Um And Keith, one of the other things that we've been talking a lot about, I know you uh took note of it in your latest note is the increasing breadth in the market for so long we were talking about oh, stocks are being pulled higher by those 9 to 10 months by large cap tech.And in fact, the S and P equal weight index, I believe closed at a record yesterday.
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