Fed Slashes Rates 50 bp in First Easing Since Pandemic
The Federal Reserve has initiated a new easing cycle with a substantial 50 basis points rate cut, marking its first reduction since the tightening cycle began in 2022. However, financial markets did not maintain the post-rate cut momentum: U.S. stock markets surged initially but then retreated, with major indices turning negative during the session. Gold, which briefly reached a...

Just when we were all getting comfortable, basking in the glow of a market that seemed unstoppable, reality decided to drop in with a bucket of cold water—and it wasn’t just a splash, it was a full-on slap across the face. Yes, I’m talking about the recent bombshell: the revision of job numbers that tells us the labor market isn’t as strong as we all thought.
Riding the Highs Before the Slap
Let’s rewind a bit. The stock market has been...