FedEx's CEO admitted some truth about the Fed's rate cut this week, and the stock was immediately punished for it, dropping 15% on Friday. This raises a bunch of questions, starting with: what happens to stocks in general when the Fed cuts rates? The answer is not what you think.
Eurodollar University's Money & Macro Analysis
CNBC FedEx quarterly profit disappoints as demand for speedy delivery waneshttps://www.cnbc.com/2024/09/19/fedex-reports-drop-in-quarterly-earnings-on-lower-demand-for-priority-services.html
Robert Shiller 2013 Nobel Speculative Asset Priceshttps://www.nobelprize.org/uploads/2018/06/shiller-lecture.pdf
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