Fed Cuts 50bps (and Wall Street goes insane.)

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In this episode, the Federal Reserve cuts interest rates by 0.5%, marking its largest reduction since the financial crisis. We’ll break down how this decision impacts the stock market, the economy, and potential future rate cuts, as the Fed balances inflation concerns with slowing job growth.

Also in this episode:

🏒 Rogers acquires Bell’s stake in MLSE for C$4.7 billion, boosting its control over major sports teams like the Maple Leafs and Raptors.

💰 Wealthsimple celebrates its 10th anniversary by announcing profitability, with growing revenue and plans for new financial products.

Thank you to Harvest ETFs for supporting this video. Learn more about Harvest ETFs:

Harvest Equal Weight Global Utilities Income ETF

Harvest Global REIT Leaders Income ETF

Harvest US Bank Leaders Income ETF

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Thanks Marc. I watch everyone video. Keep it up 👍🏽

brockinaround
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Is it investors or automated rapid trading programs.

st.george
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Thanks Marc. Appreciate these reports.

jasonstupak
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Do you know if the US debt level has any impact with the us equity market? Would it cause a chaos?

alexhefling
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It's just knee jerk reactions and day trading. It's not a huge cut, they are getting ahead of the cooling economy.

Canada has been cutting way too slow, you will what the fallout of that will be here. Canadian economy is already done, majority jobs added were govt and gdp due to govt spending. US will once again fare much better.

epictetus
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I think there are "investors" that use AI to trade...

spacebarwasd
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@mark it took you this long to realize the stock market has no clue what it's doing? Warren Buffett has been saying that for decades

bradleytalksmoney
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And the futures are now (8:30 PM ET) right back up significantly. Stay tuned. Lol.

turbofanlover
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Jesus. i dont use the lords in vain, but Marc is on fire. he makes me have to pause on the video just to understand what he's saying. Thank You Marc. Great knowledge!!
Brendon... I hope your family is growing well!! i miss you buddy, but take your time needed

momo
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SRU.UN and MREL, BEP.UN and CPX...I have been waiting for rate cuts for a while now...

roberttaylor
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Brandon you can retire now! 😂
Mac is killin’ it.

RouRoro