Optimism about the imminent Rate cuts are stirring animal spirits, and unease, in equal measure at the end of a turbulent quarter in the markets.
Prominent money managers have stopped chasing the latest rally in stocks, reasoning that expectations of looser monetary policy from the Federal Reserve are overstated with inflation still high. In the event of rate cuts, they would be intended to stop an economic downturn which would also bode poorly for stock returns, according to his thinking.
