Hawkish Cut & Increased Uncertainty
3:53 p.m. ET I’ll have to address some of the particulars in the Daily Wrap considering the time I have before the close. The Fed’s cut is seen as hawkish. Although the market priced most of this in Fed Funds Futures, stocks didn’t. SPX (15m) reaction. Nasdaq-100 was hit harder… NDX (15m) And Small Caps…