Markets & Macro Update – Aug 6th, 2019

Last week the Fed cuts interest rates for the first time since the GFC a decade ago and the market’s response was pretty interesting.  After referencing the 1995/96 one-and-done cut that prolonged the 90’s expansion all summer, I think they were hoping that they could get away with one cut as “insurance” that would ease…

A Case of Deja Vu

The move in the S&P 500 since January 1st (the selloff, bounce, weak test of the lows and a big surge afterwards) has been so eerily similar to the Aug-Oct move a few months back that it’s a little weird…  Even the multiple 2-day retracements in the middle of the surge. The August selloff unfolded after…