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Tony Pasquariello, a top trader at Goldman Sachs, pointed out that in the past four decades, the Federal Reserve has cut interest rates five times before a recession ensued. On average, the S & P 500 index rose 17% in the 12 months after the first rate cut. But under the current rate-cutting cycle, US GDP growth hovering at 3% is strong, and the Dow and S & P markets have regained all-time highs, which has made the current stock market, especially technology stocks, the majority of Na...

2024-09-24 03:47:50