Why did the market crash today?

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By Oliver Rahman

The fed cut rates today again at 2:00 pm, which should be seen as a good thing to many investors. However, Jerome Powell (the fed chair) also said he would not be cutting rates as many times next year, which caused stocks to fall today after the announcement. This is because the general market thought the fed would continue to cut interest rates over time at a gradual pace, not slow down.

However, I feel like it has been overblown, considering most major indexes are down 3%. It has always been proven that not selling and continuing to buy more shares during tips is a more successful strategy than selling! So, continue to hold!

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