THE FIRST RATE CUT

The 'tourist walks through how assets have behaved around the Fed's first rate cut

After a few false starts, it’s finally here. Today, the Federal Reserve is expected to deliver the first rate cut of this easing cycle. Most equity strategists are interpreting this as good news. After all, in the immortal words of Marty Zweig, we’ve all learned to “not fight the Fed.”

But what does history say about the period around the first rate hike…