The world is largely of two minds about the Fed’s -0.50 percentage point cut Wednesday. Neither seem right to us.
Standard and Poor’s has just released data on the market cap and share of the S&P 500 that the Top 10 stocks make up. The data show that once again the US stock market has become the most concentrated in the past 150 years.
It’s often said that the first cut is the deepest, and that may well be the case for the US Federal Reserve (Fed) delivering a blockbusting 50 basis point (bp) cut. After 918 days, this marks the end of the monetary policy tightening brought in to tame the “transitory” inflation that came to a thunderous crescendo in 2022.
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"Where all think alike, no one thinks very much."
“I like to have around me people who find ways to do things, not tell me why they can’t be done.“
Some people think of the glass as half full, some people think of the glass as half empty, I think of the glass as too big!"
