Solus' Greenhaus: Rate cut was less about economy than getting back to 'where real rates should be'

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Dan Greenhaus, Solus Alternative Asset Management chief strategist and economist, joins CNBC's 'Closing Bell' to discuss the Fed's rate cut decision, market outlooks, and more.
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A new bull market started with a breakout to new highs Nov 2020. My S&P 500 year end targets are 6118.34 - 6237.28. That's based on weekly technical indicators. I guess no one wants to talk about it because they would have to give Biden some credit for something but fundamentally this run should last at least another 3-5 years maybe 7. We have 3.1 trillion $ of bipartisan fiscal stimulus spending in the pipeline to go through. We've spent less than 20% to date. It should keep this economy humming no matter what the Fed does and in the worst case should act as a safety net against recession.

Fried
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If scott wants my opinion I would gladly provide it 😊

Dptl
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cutting they need to pay lower interest rates on the 35 trillion dollar debt. Imagine. more 50's are coming.

rickhayes-ohzm
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had to get a 50 or you spoiled kids would of threw a fit

rickhayes-ohzm
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From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me, now I have enough to pay bills and take care of my family.

JohnsonCason-mtkj
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"this isnt about the economy weakening". - famous last words

fhowland
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The rising <<interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

TilSchweiger-if
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We did see how economy is strong on FEDex earnings 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

thanos