Street Talk: Navigating Market Risk
There was a stat put out by Goldman Sachs that looked at the last 40 years and found that the Federal Reserve cut interest rates eight times after pausing for six months or more, as they did in September. Now, in four of those times, Caroline, the economy moved into recession—that's not our base case here. In the other four instances, however, when the economy continued to grow—even if at a slower pace—the market moved higher by an average of 8% over six months and 15% over the next 12 months. I think we're ...