The Fed is backed into a corner. The market is demanding rate cuts. If the Federal Reserve reacts to the current conditions and drops rates, it shows they are dealing with a weak economy and weak markets. If they don’t touch rates, markets may react negatively because they’re not supporting them. They need that constant stimulus. WIthout the drip, they’ll certainly trip.
Empire State manufacturing index posts largest-ever drop into negative territory in June - MarketWatch
https://www.marketwatch.com/story/empire-state-manufacturing-index-posts-largest-ever-drop-into-negative-territory-in-june-2019-06-17
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Goldman Sachs: Technology stocks are overvalued
https://www.cnbc.com/2019/06/17/goldman-sachs-technology-stocks-are-overvalued.html
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