On July 31, the U.S. Federal Reserve and its chairman Jerome Powell officially announced a 25-basis point cut. The U.S. stock market and the S&P 500 reacted with a sharp correction, indicating that the rate cut has been priced into the equities markets. Kathryn Rooney Vera, chief markets strategist at Bulltick Capital Markets, said in […]
The post S&P Sharply Drops but It’s Safe to Re-Enter After Retracement: Analyst appeared first on CCN Markets
source https://www.ccn.com/sampp-sharply-drops-analyst-says-its-sensible-to-re-enter-after-retracement/
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