Fed rate cuts always lead to stock-market gains — but this one thing must happen too, veteran Wall Street strategist says

Fed rate cuts always lead to stock-market gains — but this one thing must happen too, veteran Wall Street strategist says

It’s means too early to proclaim a Goldilocks surroundings, even when main asset courses are at the very least pointing to a greater likelihood of it. The S&P 500 SPX has gained 5% this yr, and the tech-heavy Nasdaq Composite COMP is up 8%, even with a seemingly each day stream of job-cut bulletins. Stay tuned Thursday to a barrage of financial knowledge.

Veteran Wall Street strategist Joe Lavorgna is definitely within the camp anticipating a recession.

“The…