Surprised by how fast the market reacted to the Fed's rate cut, says Morgan Stanley's Andrew Slimmon

Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, joins ‘Squawk Box’ to discuss Wall Street's reaction to Wednesday's rate cut, how the election could impact the markets, and more.

[RichardCharleseo]

Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[brunomiquelussi]

There is a huge lag between when rate cuts are implemented and the effects are actually felt. Not only that, but rate cuts themselves always happen based on lagging indicators, such as unemployment (unemployment data always lags hiring data since businesses stop hiring before they start firing). This is why rate cuts have almost never successfully prevented a recession. We saw it in '08. The yield curve uninverted, the fed cut rates, the markets surged for a bit based on false hope and reality set in soon after as the bad unemployment data caught up to the bad hiring data and it was armageddon from there. Anyone feeling the impact of these economic shifts should consider Crypto long-term trading strategies to protect their assets. My advice to anyone feeling the heat in this inflation, just trade long term more than ever, I have made over 720k from day trading with Aria Cookings in few weeks, this is one of the best medium to backup your assets incase it goes bearish..

[cozyslor]

I thought the first words out of his mouth were going to be, "I'm a wild and crazy Guy!".

[Patrick-yhyd]

He has a smile that will get you to the top. A Sean Piddy Combs smile. Kids! Do not go thru life Grumpy.

[BillyAndrew-fe]

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.❤

[Kevinbrian]

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.

[shoelessb]

You mean day traders, not investors.
Its a big casino.

[gainer]

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