Very quickly here wanted to let everyone know if you don’t know already that the Feds have cut rates by a quarter point, .25%.
This was expected and the market immediately sold off after the news but now looks to be climbing back as of 2:30 PM EST. So, keep an eye on your positions and look for a full market summary to come after the close.
Also a heads up tonight I will announce the winners of the top commentator contest for October. Happy Halloween.