The Dow Drops Almost 500 on Rate Cut Expectations

On August 1, 2024, as the news spread (during the Jerome Powell press conference) that a September interest rate cut was on the table, stocks sank, with the DJIA dropping almost 500 points. Isn’t a rate cut what everyone has been waiting for? Why the sell-off? What does this mean for investors for the rest of 2024, and what is our best move for both stocks and bonds as we enter a cycle of potential rate cuts? Below are the points we’ll discuss in this blog. 25 or 50 Basis Points? Data Dependent Apple & Amazon Earnings Why are the Feds Considering a Cut & What Does it Mean for Stocks & Bonds? Best Strategy for Stocks Best Strategy for Bonds Be sure to share this videoconference with your friends. It is available as a podcast on Substack, Apple & Spotify. (Check out the links below.) https://nataliepace.substack.com/ https://podcasts.apple.com/us/podcast/its-up-to-us-podcast/id1621602290 https://open.spotify.com/show/3m8TpT9HAojgQXXOTCJDTV Below are links to some of the web pages that are mentioned in this videoconference, as well as other important resources. http://www.nataliepace.com/ https://tinyurl.com/4892wvbv https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20240612.pdf https://www.federalreserve.gov/newsevents/pressreleases/monetary20240731a.htm https://www.apple.com/newsroom/2024/08/apple-reports-third-quarter-results/ https://www.nasdaq.com/market-activity/after-hours https://www.nataliepace.com/blog/nio-sales-expected-to-more-than-double-in-2q#/ https://www.nataliepace.com/blog/is-huawei-the-apple-of-chinas-eye#/ https://earthgratitude.org/ Join Natalie Pace at our next online Financial Freedom Retreat online Oct. 18-20, 2024. Learn the life math we all should have received in high school. Save thousands annually with smarter big-ticket budgeting choices. Protect your wealth. Earn money while you sleep. Green your portfolio! Email [email protected] to learn more. https://www.nataliepace.com/retreat202410.html#/ Get full access to Natalie Wynne Pace at nataliepace.substack.com/subscribe