REVISITING THE FIRST RATE CUT

The 'tourist quickly updates his studies and examines whether financial assets are following the "no recession" path

Back in September, when the FOMC embarked on their first rate cut, I wrote a piece outlining the average returns of various assets after the shift in policy.

THE FIRST RATE CUT

We are now three months later and 100 bps lower in the Fed Funds rate, and I thought it would be useful to update these studies.

If you recall, the returns after the first rate cut varied by whether…