Another Rate Cut

Yesterday, the market was up strong increasing over 5% largely due to the stronger than expected FED cut in interest rates. The FED indicated they would seek a rate cut that would essentially leave rates between zero and 25 basis points. Rates have never been lower in 50 years and the stock market responded! Today will be a good test on whether the market holds these gains. The market sentiment appears to be growing more positive every day. However, the economy has a long way to go, but it seems clear the government and next admistration will apply all the tools they think necessary to get the economy back on tract and to minimize current hardships.

Volatility has moderated and now may be a good time to start investing cash that has been on the sidelines.