There certainly does seem to be a correlation, and the doomsayers who believe strongly that the market is being propped up by the Fed are predicting a massive downturn. Others argue that the Fed's actions are already anticipated by the market and "priced in". I tend to believe something in the middle. On the one hand, the market tends to be overly fearful and cautious of known, obvious events, on the other hand it seems as if the correlation is just too strong and there will be a large sell imbalance dragging down markets. I've positioned myself less long the market than I usually am.
Regardless of where you fall, the next 6-12 months should be very interesting for market watchers.
Another interesting thing will be to see how cryptocurrencies trade if traditional financial products decline with the Fed cutting.
What do you guys think?
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