正文
guarantee a new bull market.
Among all the Fed monetary decisions, the direction of the discount rate has the most influence on the stock market. In the past, two consecutive cuts of the discount rate within a few months almost always start a new bull market, regardless of the economic conditions.
The above conclusion was made a renowned Wall Street investor more than a decade ago. Let’s say whether it will be right again this time.
Among all the Fed monetary decisions, the direction of the discount rate has the most influence on the stock market. In the past, two consecutive cuts of the discount rate within a few months almost always start a new bull market, regardless of the economic conditions.
The above conclusion was made a renowned Wall Street investor more than a decade ago. Let’s say whether it will be right again this time.
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