Hi Mcqlives, One would think so. But FBN commentators were also indicating that as Europe cuts rates , this makes for an unfair playing field for the USA because the dollar strengthens and so that would tend to make it not as great to buy from the US. Just as a side note: A couple weeks back on Bartiromo's Wallstreet Week, BlackRock CEO even indicated ECB may start to buy equities!!!---that somehow seems desperate, but I guess that would work for them.
So to keep the playing field even, we would need to continue cutting rates...or so some believe. I think the market was also reacting to Powell stating that to justify cutting a quarter percent, they were considering the continuing global market weakness (Europe and others) and effects of
trade issues, along with their not meeting the 2% inflation goal and manufacturing figures going down. Aside from just this quarter/month, I did not think our manufacturing was going down that much... and that argument was not very convincing because you would think that one would wait to see more on that before using it for decision making.
Powell had a hard time explaining why they had waited 7 months to cut rates (after their screw up back in September and December) and what basis they were using now to think that a 1/4% cut would affect anything at this point. I don't think it does. So, I kinda see why the market reacted as it did. Now to see what happens next over the next couple days. The economy does look to be strong, but we shall see what the market thinks.....I am still not sure if I should be in or out of equities.

at: I will stay out a bit longer. :smile:
Best wishes to you and everyone* on your Investments!!!!!!!! :smile: