How rare is an emergency or between meetings rate cut?

I believe there was an in-between meetings rate cut early in the 2008/2009 real estate crash, "The Great Recession."

I remember the Fed Board held a conference call, I believe it was in January, 2008, and agreed to cut the Fed Funds rate by 75 basis points (-.75%). That was one of the largest rate cuts in 20 years or so.

There's probably been others but that's the only one that comes immediately to mind for me.

Aside from the one Russian mentioned, I think there were two in the immediate aftermath of 9/11.

Thus far I'm not seeing anything about an "emergency meeting" actually happening, just wishcasting attempts.

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thats as good of an indicator on the economy as anything else

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Actually big tech melting down should prove to everybody revenue and earnings growth don’t matter at all

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wutangfinancial

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My 20 year zero Treasury is doing work right now

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Is Nvidia’s outlook 30% worse today than it was 45 days ago?

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No, but even things that exclude tech altogether are down.

I don't think we are at "tanking" levels yet, but as I said in my post if everything does start to tank then I do think you can point to the stock market as more of an indicator.

I'm high on QQQ but even I know Tech has been cruising for a bruising for a while now.

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The other side of that argument is do you think NVDA's valuation was justified based on absolutely retarded assumptions surrounding AI 45 days ago?

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I’m fine with that argument too, because it implies this is reasonable and healthy.

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I'd just say people should drop the narrative that corporate P&Ls matter at all in 2024. It's not your father's stock market anymore.

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I don’t think they matter in the short term at all, but it’s still a solid long term way to make decisions.