$SPDR S&amp;P 500(SPY.US)$VG S&amp;P 500(VOO.US)$Invesco QQQ Trust(QQQ.US)$NASDAQ Composite Index(.IXIC.US)Short-term movements have no relation to long-term trends and fundamentals.

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Powell's hawkish speech emphasized that "a 50 basis point rate cut is not the new normal," pouring cold water on the market's aggressive rate cut expectations and raising concerns about future policy uncertainty

- The Federal Reserve's aggressive 50 basis point rate cut and dovish dot plot kicked off a new easing cycle, sparking a market rally that quickly reversed course following Powell's hawkish remarks.
- Initially, US stocks surged post-rate cut, with the Nasdaq up over 1% and the S&P 500 hitting a new high, but Powell's speech led to a sharp reversal, ending with all major indices down by the close.
- Powell's intention to temper expectations of aggressive rate cuts and emphasize data-driven decisions cooled market exuberance, raising concerns about future Fed policy and economic uncertainty.

Wallstreetcn

A 50 basis point rate cut has arrived, but the market did not soar. What happened?

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