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Johonny

(21,701 posts)

19. Market was heavily betting on that

Reply to Johnny2X2X (Original post)

Wed Sep 18, 2024, 02:29 PM

Sep 18

It will be interesting if they still do 2 more cuts . . .

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Highlight:

Fed cuts key interest rate by 50 basis points [View all] Johnny2X2X Sep 18 OP

They can't do that!! Omnipresent Sep 18 #1

Trump was all but threatening them if they lowered it at all Johnny2X2X Sep 18 #2

JPow said earlier we're looking at 75BP throught the end of the year so this was pretty much baked in... WarGamer Sep 18 #5

There are 2 meetings left Johnny2X2X Sep 18 #7

could be... we'll see. WarGamer Sep 18 #8

Their report is trickling out Johnny2X2X Sep 18 #18

Being a daily options trader, I KNEW today was a bad day to trade... WarGamer Sep 18 #12

LOL. "Whip Inflation Now". Gerald Ford in 1975. madinmaryland Sep 18 #37

Way to go Jerome gab13by13 Sep 18 #3

There's a lot that goes itno this Johnny2X2X Sep 18 #4

They were headed higher until they turned lower, which is where they ended up. onenote Sep 18 #27

Seems it started up late last week on expectations. pat_k Sep 18 #32

Curiously, Trump Media & Technology Group Corp dropped Brother Buzz Sep 18 #6

It's value is tied closely to his election chances Johnny2X2X Sep 18 #10

DJT went up when the news was released (like everything else, for technical reasons) mathematic Sep 18 #14

DJT stock bounce was short lived Brother Buzz Sep 18 #17

He came out recently and said he's not selling any of it Johnny2X2X Sep 18 #21

And undoubtedly borrowing big against his holdings (nt) pat_k Sep 18 #33

DJT is a worthless meme stock with low value based on fundamentals IronLionZion Sep 18 #25

Cue the massive Trump melt in 3...2...1... jcgoldie Sep 18 #9

Oh, it's coming Johnny2X2X Sep 18 #11

I'm sure the R dummies in the House newdeal2 Sep 18 #15

Pirro and Bartaromo are getting hammered on boxed wine!! madinmaryland Sep 18 #38

I was listening to Fox news in the car and they were having a hard time spinning this as a progressoid Sep 18 #13

Co-worker Johnny2X2X Sep 18 #16

It boggles the mind. progressoid Sep 18 #20

Trump talks about controlling the fed pat_k Sep 18 #35

Listen to Bloomberg regularly and all pundits, predicted an increase just how much and when efhmc Sep 18 #24

+1, their default will be to say nothing at all. uponit7771 Sep 18 #34

Market was heavily betting on that Johonny Sep 18 #19

Market bump disappeared, perhaps because. . . pat_k Sep 18 #30

Good for the stock market SCantiGOP Sep 18 #22

delete Sogo Sep 18 #23

the Dow is crashing to new record highs today after the Fed cut interest rates LetMyPeopleVote Sep 18 #26

It dropped 100 today Johnny2X2X Sep 18 #28

The market closed down 103 points. onenote Sep 18 #29

When trump left office, the Dow Jones was sitting at 31,188. LetMyPeopleVote Sep 18 #36

Yes. But that doesn't explain why you posted about the market's response to the rate cut without mentioning onenote Sep 18 #39

Thank you for the laughs LetMyPeopleVote Sep 19 #40

You seem not to understand my comment that I expect that the market will respond positively to the rate cut onenote Sep 19 #41

You obviously did not understand the joy that I and other take in President Biden achieving a "soft landing" LetMyPeopleVote Sep 19 #42

I am so happy that President Biden has been so successful LetMyPeopleVote Sep 19 #43

President Biden and the Fed are achieving a miracle called a "soft landing" LetMyPeopleVote Sep 23 #44

Statement from Vice President Harris on the Federal Reserve's announcement LetMyPeopleVote Sep 18 #31