*Extra* Daily Interview: Examining the Fed Rate Cut
Paul Cherney, the chief market analyst for Standard & Poor's, talked to Daily Interview today about the surprise 50 basis-point rate cut by the Fed. Cherney says he feels the slowdown in revenues and earnings by tech companies was the catalyst for the Fed's move, and that it'll be tech stocks that lead us out of the downturn. Moreover, he says that the market reached a bottom two weeks ago when selling pressure reached its heights. For more, read on.
![]() Paul Cherney Chief Market Analyst Standard & Poor's |
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