Sorry for the late email, but I wanted to give you a heads up about Monday.
Moments ago, the Federal Reserve took drastic action to combat the economic impact of the coronavirus by slashing interest a full percentage point to basically 0%.
We've seen this play before. The Fed cut rates to zero during the 2008 financial crisis.
Did markets rally? Are investors cheering the move? Absolutely not.
The S&P 500 futures immediately fell 5% (the downside limit).
I'm not impressed by the move either. The threat to the economy is not high interest rates, liquidity or anything else that the Fed can solves.
Businesses and individual will need aid, not just cheap money. Stimulus, not cuts.
But more important, investors want the uncertainty of the virus gone. I expect moves by the government to make that happen faster, or limit its economic impact, is what the market needs right about now.
Tomorrow morning I'll break down what's happening in the markets and what charts are signaling. Don't forget, volatility means opportunity.
Be on the lookout for my morning video. Until then, stay safe out there.
Roger Scott
WealthPress
P.S. The massive discount on the system that could protect you during a crash... and let you generate massive wins when markets bounce ends tonight.
I also just released my latest batch of trades -- you can get them here.
Why this system and why now? Because it has built-in hedges designed for this kind of market. If that sounds like something your trading needs, then I urge you to take advantage of the price reduction.
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