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The U.S. Federal Reserve's first rate cut in four years will change the playing field for markets. Under those new conditions, where should investors deploy their cash? CNBC Pro asked seasoned investors from wealth management firms how they'dshares plunged 15.2% after it reported first-quarter earnings that missed expectations. It's not just bad news for the company and its investors.
"On average, it takes 10 quarters after rate liftoff for a downturn to commence. This is the 10th quarter. And given the size of the rate hikes, and the Fed's balance sheet drawdown, joblessness could reach 6%," wrote Lazar.
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