Hey, Ross here:
As expected, the Fed cut rates by a quarter point yesterday.
Some may say this is “too slow”.
And while I can understand why, the data shows that in this case, slower may be better.
Chart of the Day
This chart shows how the S&P 500 index has responded during previous Fed cycles.
As you can see, cycles where the Fed has cut slowly and gradually have historically led to the best subsequent performance of the index.
And the size of this outperformance, as evident from the chart, is significant.
The Fed may have kicked off its rate cut cycle with a “jumbo” rate cut…
But based on yesterday’s meeting and press conference, it seems likely they’re going to be proceeding at a much more measured pace.
The data shows that this is a good thing.
Stay in the game.
Insight of the Day
There is still huge amounts of cash on the sidelines waiting to come in.
There’s still over $6.5 trillion in cash parked on the sidelines in money market funds.
That’s right, even with the stock market runup, the value of cash on the sidelines has actually increased.
How is that possible?
Well, this $6.5 trillion figure only covers what we can measure based on money market fund data.
But there’s still likely a lot more stashed in places that don’t get publicly measured.
Basically, a lot of traders vastly underestimate just how much money there is sloshing around out there.
This is the fuel for the next leg up of the bull market – and the match has already been lit.
The question is, are you ready to take advantage of it?
That’s why later this morning at 11 a.m. Eastern…
I’m going LIVE for a masterclass that will allow you to target the most explosive stocks in the next leg of this bull market.
The key is my trusted FIRE Pattern…
Which you could have used to bank gains like 70% in 9 days, 140% in a few months, and 340% in under two months during previous rallies this year.
I believe this is the #1 way for you to play this rally right now…
So, if you haven’t yet, make sure you click here to guarantee your spot for my LIVE FIRE Pattern masterclass later this morning.
I’ll break down where I see the market going and reveal my entire FIRE Pattern playbook, including:
- Exactly how to spot the FIRE Pattern in any stock
- How to distinguish the real FIRE Pattern from the dangerous “pretenders”
- The precise moment to position yourself in the pattern for maximum gains
NOW is the time to position yourself for this rally – don’t let it pass you by.
I’ll see you in just a bit at 11 a.m. ET sharp.
Customer Story of the Day
“I find Ross to be inspirational, motivational and completely tenacious and enthused to be doing what he’s doing and living his life. I want those attributes.”
Ross Givens
Editor, Stock Surge Daily
