When Will The Fed Cut? Be Careful Of The Consensus

There’s a lot of positive momentum and positive breadth under the surface, notes Joe Mazzola. He and Nathan Peterson discuss the 2023 market rally. Peterson talks about how the VIX is creeping to 52-week lows, while the S&P 500 creeps to 52-week highs. He also mentions how it’s important to take the consensus view with a grain of salt, highlighting that he Fed was wrong about transitory inflation, the analysts were wrong about a recession this year, and the bond market has continually been wrong about when the Fed is going to cut. They then go over when the Fed could begin cutting rates. Tune in to find out more about the stock market today.