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After months of anticipation, the Federal Reserve has moved to cut interest rates by 50 basis points. Now that the Federal Reserve has taken this move, what does it mean for stocks and the broader economy? And most importantly, what does it mean for your money?
In this week’s update, we attempt to answer these important questions and take cues from the market and what market symptoms suggest for the prospects of a soft landing and a continuation of the bull market.
Key Takeaways
- The FOMC move to cut interest rates is important and we shouldn’t let the media noise distract us
- Market internals are suggestive of a soft landing
- Small and mid-cap growth stocks that have been left out of the rally may begin to catch up to mega-cap peers
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