This is everyone's last chance to trim their roles before the rate cuts. Once the rate cuts occur, the bull market will return, and companies doing layoffs (sending the message they are not experiencing growth) will be punished by the market.
Rate cuts often signal an impending recession, not a bull market, as historical data shows.
The Federal Funds Effective Rate chart illustrates how recessions (marked in gray) align with periods of rate reductions.
Hum... That graph shows recessions being a signal of impeding cuts and really not the other way around.
Return? It's been 'line only ever goes up' since November.