This type of price behavior almost always results in at least a mild selloff over the next couple of days.
In 11 Fed easing cycles since 1972, equity volatility rose in the three months prior to the first rate cut.
The pros are anticipating some near-term weakness.
Rob Isbitts, chief investment officer of Sungarden Fund Management, says that despite the past month of moderating emotions in the investment markets, we still are looking at an environment that offers danger and big gain potential at the same time.
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