More Aggressive Rate Cuts Will Provide Temporary Relief…
More Aggressive Rate Cuts Will Provide Temporary Relief, It Won’t Stop A Decline In Stocks: Tom Essaye Quoted in Blockworks
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A hard landing and resulting economic slowdown could be enough to erase the stock gains traders have enjoyed since October, according to Tom Essaye, founder of Sevens Report Research.
“The reason a hard landing would be so damaging to markets in the near term is the Fed can’t really help the market out because it’s already dovishly pivoted and the market already expects aggressive rate cuts,” Essaye said. “So, while more aggressive rate cuts will provide temporary relief, it won’t stop a decline in stocks because the economic benefit of rate cuts will take too long to hit the economy to prevent a slowdown.”
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