In the prior week’s Monday letter, I wrote about the uncertainty that was creeping into the markets after the Fed Gov. just stopping short of guaranteeing a rate cut at the end of the month.

At this point, it’s a given that one rate cut is going to happen and the only question is whether it’s a quarter point or half a point.

So, going into this week with various markets making new all-time highs, it appeared that the broader markets were ready to celebrate the 50-year anniversary of walking on the moon with an attempt to move there.


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