Jefferies’ global equity strategist Sean Darby echoes the points we’ve been pounding home herein:
“While a 25-basis point reduction by the Fed has been priced in, the move “will accomplish nothing aside from temporarily sating market expectations and quieting the White House Twitter account,” Darby said. “The weaker parts of the U.S. economy – fixed investment and manufacturing – are being affected by trade tensions.””
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