Stocks got a nice lift when the Fed said that, all of a sudden, they were looking hard at LOWERING interest rates. Not two months ago, they were claiming the economy was great, and they would be RAISING rates twice more in 2019.
The real story is gold and the miners. They absolutely exploded right through the ceiling of $1350/oz for gold that has held for the last five years. Yes five years. Gold is finishing the week at $1404/oz.
Thankfully, we fully benefited from this move.
Have a great weekend.