Yep it sure changed after the Fed lowered rates by 50 basis points. In my opinion the rate cut was based on emotion and not fundamentals. They could have done a 25 basis points cut. 50 may have signaled investors that the Fed was worried thus exacerbating the reaction downwards. It doesn't leave the Fed with much room to work with when the inevitable economy downturn happens. When that will occur will not be known until after the fact.
Originally Posted by ZeeOSix
Obviously not a good indicator for today. It was positive for about 30 min.
Originally Posted by PimTac
Futures are green this morning.