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Fed rate cut is imminent! Wells Fargo & Co: the US stock market will usher in a bull market comparable to 1995.
Paul Christopher, global investment strategist of Wells Fargo & Co, said that the US stock market is about to see an unprecedented rise in 30 years; the current market has similarities with the market in 1995, when the stock market was booming and the S&P 500 index hit 77 historical highs; investors may currently face an environment similar to that of 1995-inflation is declining, and the economy has not collapsed.
Will the Fed release news about a rate cut in September? Powell will speak at the global central bank annual meeting next Friday.
Jackson Hole Annual Meeting is coming, and the global market is focusing on Powell's speech next Friday.
Interpretation of the U.S. July CPI and Interest Rate Cut Outlook | Moomoo Research
Stocks Rally As Data Shows U.S. Economy Is Holding Up
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