When The Fed Cuts With Stocks At All-Time Highs, The S&P Is ALWAYS Higher One Year Later

We will do a comprehensive FOMC preview later today, but we wanted to bring a remarkable fact to your attention, courtesy of JPMorgan.

As JPM trader Craig Cohen writes "the Fed is expected to cut rates this week for the first time this year. The Fed, of course, has a dual mandate. While inflation is on the stickier side, the labor market is slowing, which is affording the Fed capacity to ease."