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Fed rate cuts and market returns
latest feature
Fed rate cuts and market returns
Roger Montgomery
September 27, 2024
In my professional opinion, there’s limited value that can be garnered from historical patterns, especially when those patterns examine the correlation between a single input and its result. Economies and markets are complex adaptive systems, and a myriad of inputs produce the market returns we subsequently experience. Just because something happened five, ten or fifteen times in the past, it is dangerous to conclude it will occur again next time. continue…
In my professional opinion, there’s limited value that can be garnered from historical patterns, especially when those patterns examine the continue...
When I worked in derivatives trading in the early ’90s, one of the accepted truths about market behaviour was that “volatility picks up around turning points”.