Every time the Fed cuts rates in the past, it's because something went wrong.
2001: The dot-com bubble burst
2008: The housing market crash
2020: The pandemic
That's why the market sells off sharply after a rate cut.
But what about this time?
The stock market is at a record high
Gold is at a record high
Bitcoin is nearing its all-time high
This rate cut will inject significant momentum into an already booming market, and I've never been more optimistic.