The first rate cut (August 17) was unexpected and produced a positive (but short-term) stock market response.
This week’s rate cut, is already factored into the stock market. I predict this is going to be an ugly week for the markets, without the expected similar (2% jump or more) positive stock market reaction. The only exception would be if the fed throws a wildly aggressive (full point or more) rate cut at the market.
As for how the rate cut helps the housing sector, there is almost zero relationship there. Hardly worth commenting more on that.
