Inquiring minds are asking why the Fed is considering an interest rate cut when the SP500 is sitting at an all-time high, unemployment is near an historical low, wage growth is solid and of course we keep hearing we are in “the greatest economy ever”.
Small caps have not bought into this last rally. Nor have some other financial sectors. At least the trade war is progressing nicely…
It is hard to get people to listen when the SP500 is near an all-time high and the US economy appears strong, so I wrote “Why I Am Defensive and You Should Be Too”. Take a look please.