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1 day agoJP Morgan Says Stock Market Expensive: 5 Strong Buy Safe Dividend Stocks
Markets often rally in anticipation of rate cuts but then decline when those cuts are implemented. J.P. Morgan's trading desk recently warned that despite stocks setting "more than 20 all-time highs this year," the Federal Reserve's next rate cut threatens to curb investor zeal through a potential sell-the-news drop. Sure enough, as soon as the Federal Reserve cut the federal funds rate by 25 basis points, the market promptly sold off for the next three days.
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