Cutting Rates At All-Time-Highs: JPMorgan Delta-1 Desk Says 'Stay Bullish'

JPMorgan's Craig Cohen tells us that today will be the fifth time that the Fed cuts rates with the S&P 500 at all-time highs. 

All prior instances the S&P 500 was higher a year later with an average return of 20%.

The worst one-year return was a 15% gain which occurred last year.