Stocks finished the week well in the red following subpar earnings and signs of a cooling labor market that has raised some fears of a recession. Baird Investment Strategist Ross Mayfield joined Market Domination to discuss the path ahead for the fed as we await the September meeting. “I do think a 50 basis point rate cut should should be on the table, I think the Fed will consider it, I think with hindsight it’s clear they probably should have started, cutting in July,” though he doesn’t think there will be an inter-meeting cut. Mayfield added that he thinks “we’re not on the doorstep of recession despite the Sahm Rule” As investors search for answers in hopes of a market turnaround Mayfield notes that “the sell-off probably has a little more room to go” but “personally, I would lean in.”
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