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Fed rate cuts always lead to stock-market gains — but this one thing must happen too, veteran Wall Street strategist says
![Fed rate cuts always lead to stock-market gains — but this one thing must happen too, veteran Wall Street strategist says](https://nlbulletin.com/wp-content/uploads/2023/01/Fed-rate-cuts-always-lead-to-stock-market-gains-—-but-780x470.jpeg)
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It’s way too early to proclaim a Goldilocks environment, even if major asset classes are at least pointing to a better chance of it. The S&P 500 SPX has gained 5% this year, and the tech-heavy Nasdaq Composite COMP is up 8%, even with a seemingly daily stream of job-cut announcements. Stay tuned Thursday to a barrage of economic data.
Veteran Wall Street strategist Joe Lavorgna is certainly in the camp expecting a recession.
“The…
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