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Podcast: The Real Investment Show (Full Show)
Episode: 9-18-24 Fed Rate Decision 2024 - Boom Or Bust For Your Portfolio
Description: It's Fed Day: The big question will be answered this afternoon, 'How much the cut?' Huge bets on 50-bp rate cut; will a quarter-point cut disappoint? Meanwhile, Retail Sales continue to weaken, but August numbers were better than expected. There is no apparent data to support a 50-bp rate cut. There is a credit debt wall coming; extreme market optimism is a risk. It's make-or-break time for the S&P 500; NASDAQ not performing as well, and the rest of the market is playing catch-up. Lance notes the AI effect on Utilities and Real Estate, formerly among most-hated sectors. Lance...