Simon comments on this week's Federal Funds rate cut and what historical precedent suggests about the possible market reaction. He cautions against considering their policy in isolation and argues that profit margins, productivity, valuations and overall consumer health will ultimately be more impactful on stock prices. He encourages investors to consider their cash positions in light of likely falling short-term rates and offers some thoughts on the bond market as well as Municipal bonds, specifically.

WIG Names: None

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