What a volatile time!

spy and rate cut

After 0.5 rate cut, the market rallied and then fell.

It's often told that, the initial response to a rate cut is real as demonstrated by a rate cut last oct, which initially down and then up that afternoon, but in the following days, marked was sold hard and lead to the bear market.

This time, the response is just opposite to last time, and we will see if the market will be up in the next few days.