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On January 3, 2001, the Fed chair cut the Federal Funds Rate from 6.5% to 6.0% in response to a declining stock market and weak economic activity.
Today, the stock market has been in rally mode since June 16, largely on the prospect of the Fed implementing a much-awaited pivot to a less hawkish policy.
One that has gotten some considerable attention in 2022 is the WisdomTree U.S. High Dividend Fund (DHS), which has been a natural beneficiary of the market’s newfound love of value stocks.