Stocks plunge after Fed cuts rates for first time since 2008—here's what experts are saying (via TradingNation)
Some market watchers say it's a turning point, one that could alter the layout of U.S. and global markets moving forward.Josh Brown, CEO of Ritholtz Wealth Management, told investors to "relax," referencing a moment over two decades ago that reminded him of this one:Dow Jones Industrial Average
Jefferies chief market strategist David Zervos — who is also chief investment officer of the global macro division of Jefferies Investment Advisors — cut Powell some slack: Art Cashin, managing director of UBS Financial Services and director of floor operations for financial services at the New York Stock Exchange, got the pulse of traders on the floor:
Speaking before Powell's news conference, David Kelly, chief global strategist and head of the global markets insights strategy team at J.P. Morgan Asset Management, questioned how much a 25-basis-point rate cut would really do:
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