ACTV - Stocks Are Partying Like It Is 1995

2024-04-02 04:15:00 ET

Summary

• The way the first quarter went, with brief and very shallow pullbacks, one would think that stocks are partying like it is 1995.
• The rate cutting cycle that began in 1995 had three rate cuts, pretty much what the Fed has planned for 2024.
• While inflation came down slowly over time back then, it sure looks like the federal government is also inflating away some of its COVID-era debts right now.

The way the first quarter went, with brief and very shallow pullbacks, one would think that stocks are partying like it is 1995. While it is foolish to extrapolate one quarter into a whole year, 1995 comes to mind, as that was the only soft economic landing engineered by the Fed in recent U.S. history, as the Fed began cutting interest rates after raising them for a year and the stock market went dramatically higher....

For further details see: