in late April. It has also led strategists like Ed Clissold of Ned Davis Research to maintain their year-end targets, while warning that the path there could be choppy.
"We think it's going to be a choppy market from here, and so 2950 is in line with what you'd expect over the long run from the S&P," he said. "But you'd get some pullbacks and opportunities to get in at a little bit more attractive prices as we go for the next few months." "The correction [in] the last few weeks removed some of the excess optimism and that allowed for the market to move to new highs," he said. "But ... if we start spiraling towards a recession, if we get too far gone, a couple rate cuts isn't going to be enough to pull us out and then it could be a much rougher situation."— have to tread carefully as they consider cutting interest rates, Clissold said.
Source: News Formal (newsformal.com)
FuturesNow the Fed should cut rates. Inflation is low. recession is not the reason for rate cut, low inflation is the reason.
FuturesNow Than don't raise the fear factor, that tends to slow the economy, and recession want show its ugly face!!
lauferlaw FuturesNow “... in 2001, 2007, the Fed tried to save the market, but they did so too late. So that's what we want to be looking at.' In both ‘01 and ‘07 there were structural issues bigger than Feds mandate could handle short term ... dotbomb and fin crisis / subprime.
FuturesNow In the long run it will probably even make it worse. As it will fix absolutely nothing to lower them
FuturesNow But Thank GOD - Rich People Got That TAX Break SO They Will Be OK!!
FuturesNow realDonaldTrump Jerome is not doing a good job. Mr Trump you should relocate him to other FED department such as Janitorial Depart.
FuturesNow Got Fear-mongering?
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They will still suck. Wont make a huge difference Too much to give up for a guy who is an average player at best. KingJames is running that former great show and this just put them back ten years. Hate to see it. kobebryant has to be wild. What a joke his former team has become
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