cash plus must not have negative returns if so moo moo must refund such losses to investor who take it as no risk money market placements deposits.

There's a lot to unpack after the Fed made a “strong” 0.5% rate cut. It will echo through global markets, as will the Fed' slower economic growth and higher unemployment estimates (see below*). While investors will weigh up how much the Fed's further ~2% of rate cuts coming down the line could support global markets and asset prices. There's a lot to assess over the coming weeks and months. But it's fair to say ‘sell ...

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