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Stocks traded higher yesterday with the Dow and S&P landing on new high peaks as investors bask in the setting sun of the Fed’s oversized rate cut. The waiting game begins for what might be the next big catalyst for stocks and bonds; some may be just around the corner.

Stocks had a mixed close in bouncy trading session on Friday with moves exacerbated by options expiration. The first of the Fed speakers came out to justify its big cut and the one FOMC member that voted for a smaller cut warned that it was premature.

Stoked stocks rallied into the nosebleed section because Powell was not as nasty as he could have been the day before – a celebration ensued. The Leading Economic Index declined less than expected which means things are still slowing, but not as fast as economists expected.

The small cap index closed slightly in the green with bigger siblings closing down as the fed cut its key lending rate by ½ a percentage point. Housing Starts and new Building Permits came in above expectations in possible anticipation of a lower interest rate regime.

Stocks rallied for a mixed close yesterday as investors flash guarded optimism about the new, new Fed put. Retail Sales surprised economists with a monthly increase yesterday, online shoppers carried the day.

Stocks rallied to a mixed close yesterday as rate-cut POTENTIAL euphoria caused traders to mash down on the buy button. Apple kept gains on the Nasdaq Composite demure as its new iPhone may not be the big hit it was hoping for.

Stocks rallied on Friday as traders upped bets on a bigger up front rate cut at this week’s long-awaited FOMC meeting. University of Michigan Sentiment showed consumer confidence and lower inflation expectations for the upcoming year – both positive signs. Move on. Just when you think the...