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Outside the Box
Smart investors identify areas where the market might move opposite to expectations
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The dust has started to settle after the Federal Reserve’s latest rate cut and the meeting between President Donald Trump and Chinese President Xi Jinping.
At the end of October, the Fed reduced its benchmark interest rate by a quarter-point and said it would stop shrinking its balance sheet in December, adding more cash to the economy. But Fed Chair Jerome Powell hinted that there might be no cut in rates in December, rattling markets. On the trade front, the U.S.-China deal reduced tariffs on imported Chinese items, simplified access to Chinese rare-earth elements and restarted Chinese purchases of American soybeans, which buoyed markets.
This post was originally published on Market Watch
