The Fed meets this week and is expected to at least telegraph rate cuts at either its July or September meetings, or both. The urgency of rate cuts is being hotly debated, but the consensus is that with growth slowing and inflation contained, the Fed needs to do something to support the economy and markets. There's even an outside chance the Fed will preemptively cut this week. Whenever it comes, the cut will likely be the first of a series. This week's chart shows how the S&P 500 has performed in the twelve months immediately following the first move of a rate-cutting cycle.
The chart below can be downloaded here.
SpringTide Partners, LLC is a Registered Investment Advisor with the state of Illinois and other states jurisdictions where required. Registration with the SEC or any state securities authority does not imply a certain level of skill or training. All information contained herein is for informational purposes only and does not constitute a solicitation or offer to sell securities or investment advisory services. All investing carries risk including risk of principal loss. All statements made on this website are opinions of SpringTide Partners, LLC and are subject to change. SpringTide Partners, LLC assumes no responsibility for the accuracy of the data included. Statements made on website shall not constitute investment advice.