Missed out on gold’s rise? You need to see what gold’s little brother is starting to do…
The Fed just announced a quarter-point rate cut — with hints of two more still to come this year.
That’s the headline. But the real story is how the market’s reacting.
As I write this, about 20 minutes after the 2pm announcement:
- The Magnificent 7(MAG7) stocks are getting dumped
- SPY and QQQ are hitting new lows on the day
- Gold spiked to a fresh all-time high but is already pulling back with stocks
- Copper, silver, and gold are still holding up well overall
- And bonds are catching a strong bid
All of this is happening just minutes after the cut. Traders are scrambling to reposition — and volatility is running hot.
And don’t forget: Powell’s press conference kicks off at 2:30pm ET. That’s where we’ll hear how he frames this decision, and that tone could either calm markets or rattle them even more.
I’m not stepping away from the screen here — this is the kind of moment where you’ve got to watch in real time.
👉 I’m going LIVE right now to track this reaction with you at our Emergency Fed Day Roundtable, so we can figure out the best way to play it.
Click here to join me – totally FREE!
Stay sharp,
— Geof
