Stocks Could See 24% Upside After Fed’s First Rate Cut Since 2019, Says Analyst
From Nasdaq, Inc.:
Dow Jones Industrial Average is expected to surge by 24% following the Federal Reserve’s first interest-rate cut since 2019, if there is no recession. The stock market has historically rallied the year after the first interest rate cut, particularly when a recession is avoided. Analysis indicates that the current robust GDP growth and job market point to substantial market gains. The Dow Jones could potentially reach around 47,000 or even 50,000 if the US dollar weakens.
The stock market has been the subject of intense speculation and analysis. There is optimism about the stock market’s performance relative to bonds, driven by government stimulus and increased consumer spending. Analysts have been signaling a potential investment opportunity, with many predicting a “once-in-a-generation” opportunity. Market anomalies have also been identified, potentially offering profitable investment opportunities.
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