So we got 50 basis points (bps) from the Fed in their first move lower in quite awhile, no surprise as the markets had already done most of the heavy lifting. Now today we're hearing from multiple Fed members that rates are still too high and must come down quicker than expected - we will see!
First blush makes us wonder if they know that a recession is looming and fast or just being super accomodative to appease rate hawks - we will see on this too.
More importantly, any market weakness should be viewed as opportunity - buy the best, not the rest!!! Also, since people seem to be in fear of a downdraft, I'm reminded of an old Proverb - "The art is not in making money, but in keeping it."
Be careful in trying not to lose that you forget how to win!
Need more?!? Give us a ring 262/456-3535 and ask for JB to get your very own portfolio analysis today.