Rate Cut Reality Begins Today

Keep your head screwed on straight.

When I think about the fact that it is officially Fed rate cut day, I think about the endless stream of bullshit excuses I’ve heard over the last two years from analysts, investors, financial news media, fund managers and the like, anytime there is the slightest bit of pressure anywhere in the market. The tone is always the same: we just need to survive until the Fed cuts rates.

But is that really the case?