While it's important not to read too far into single-day stock market gyrations, there were a few key investor fears blamed for Wednesday's wild ride.
The Fed's decision to opt for an outsized 50 basis point rate cut, instead of the more common 25 basis points, was seen by some as evidence that the central bank is "behind the curve".
If the Fed and the market are extremely worried about unemployment...we got data this morning showing, actually, the manufacturing sector is already improving on its own.
The economy is looking relatively robust…and the Fed cut 50 basis points, you're getting a kind of Nirvana, right?
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