Bitcoin (BTC) $77,209.16 -1.05%
Ethereum (ETH) $2,240.04 0.36%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 95.495868 -1.57%
Chainlink (LINK) $11.34 2.98%
Cardano (ADA) $0.19 0.50%
Litecoin (LTC) $54.80 -1.92%
Dash (DASH) $47.81 -0.35%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.357152 0.07%
X-Cash (XCASH) 3.0E-6 0.00%
Dogecoin (DOGE) $0.00 0.00%

Cryptocurrencies: 30337

Markets: 109727

Market Cap: $2,594,605,366,844

24h Vol: $76,206,654,427

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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