Fed cuts by 1/2 point!, more than the expected 1/4 point.
Don't fight the FED! This is one of two of Marty Zweig's sacred rules.
This is fundamentally bullish for the markets. It suggests the FED is willing to do what it takes to get the Economy and RE markets on its feet. Make no mistake about this!
From the previous update:
"If the markets react positively and rallies to above 1504 SPX, then we should see a shallow pullback into 9/20 Lows to be followed by a strong rally to retest the Highs in the weeks afterwards."
Today may be a short term High with a pullback likely for a few days into 9/20L, but you will see a strong rally in the weeks ahead afterwards.
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