Bitcoin (BTC) $56,166.66 -1.06%
Ethereum (ETH) $2,369.71 -0.93%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 130.500783 -1.57%
Dogecoin (DOGE) $0.10 0.05%
Cardano (ADA) $0.32 -1.25%
Chainlink (LINK) $9.94 -2.35%
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Polygon (MATIC) 0.370356 -2.82%
Helium (HNT) 8.296984 2.24%
Dash (DASH) $23.86 -0.01%
X-CASH (XCASH) 1.0E-6 2.73%

Cryptocurrencies: 22845

Markets: 83121

Market Cap: $1,975,203,902,777

24h Vol: $64,901,144,366

Ryan Smith

2019-07-06 12:19:29

Stock Market Bulls Made a Fool’s Gamble on Rate Cuts

When US nonfarm payrolls stunned traders by rising dramatically on Friday, the stock market's bet that the Fed would stimulate further growth by drastically slashing interest rates was exposed as a fool's gamble. That's according to economist Mohamed El-Erian…

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