So the Fed cut the rate by a quarter point. DOW dropped 333 points. I’m sure Trump will be complaining either tonight or tomorrow about how we needed a bigger cut to help the greatest economy ever. But on the bright side, Trump will get to tout breaking 27,000 again. Probably.
Take away the trade tensions and watch the stock market resume its upward trajectory. That’s my guess. But I can’t take credit, because it’s also the guess of everyone else on the planet.
If on Halloween I put a mini Snickers in a kid’s bag and he demands the full-sized, then I am going to commit my first child-related theft, because that child is leaving my house with no candy.
I am just glad that Trump doesn’t control the Fed. And it must really bug him.
I really didn’t think that they would go for a cut at this time. So many experts are saying that we are on the brink of another recession. If we are, it doesn’t need a push.