Trading Days from First Fed Rate Cut

We are still in the sweet spot...

While many investors are eagerly awaiting the first rate cut by the fed, the best phase of the equity market is historically BEFORE the first rate cut rather than the months that follow.

As shown on the chart below courtesy of Strategas, on average, the S&P 500 $SPX has fallen 23.5% over a period of 195 days from the first Fed cut to the market low.

Keep this in mind when the Fed finally decides to start cutting!