Stock Market Outlook: 24% Dow Upside After Fed's First Rate Cut, No Recession
"The bottom line is that the stock market has tended to rally in the year after the first cut," Ed Clissold of Ned Davis Research said.
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"The bottom line is that the stock market has tended to rally in the year after the first cut," Ed Clissold of Ned Davis Research said.
"The problem with meltups is that they do need to meltdown," market veteran Ed Yardeni told CNBC on Wednesday.
"Recent economic prints and shipping disruptions suggest there is risk to the consensus equity view of a very dovish Fed," JPMorgan said.
"Irrational exuberance would make a comeback in this scenario. It's a lot of fun for stock investors while it lasts," Ed Yardeni said.
The lagged effects of the Federal Reserve's interest rate hikes, combined with dwindling household cash buffers, could spark a recession.