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Tweeto got his rate cut. He bragged about the stock decline yet? marketwatch.com/amp/story/guid…
U.S. stocks fell Wednesday afternoon with investors disappointed that the Federal Reserve only cut interest rates by a quarter percentage point as expected in order to cushion the economy from a global slowdown and escalating trade policy tensions.
🤔 The Fed also announced it would end the runoff of its $3.8 trillion asset portfolio two months earlier than previously planned.
Growth cooling 🤔 
🤔 “The threat of a recession has historically been the main catalyst for monetary easing, but today we’re seeing a Fed hanging its hat solely on inflation and the global economy. So those two factors will be closely watched by all for the balance of the summer.”
As Goldman Sachs noted, for the first time since the financial crisis, corporate buybacks are exceeding free cash flow. Total buybacks among all companies this year were up 26% through mid-July.
🙃
