World Business Report: September 20, 2024

After Wednesday’s market volatility, the S&P hit a new high on Thursday. Walter was featured on BBC’s World Business Report to discuss the Federal Reserve’s Rate Cut and how markets in the US and around the globe are responding. He discussed why the decision was made to cut 50 basis points, and what we can expect going forward. Later on in the segment, he discussed specific stock movements such as Nike’s rising stock and FedEx’s post-pandemic slump.

Walter’s segments are below:
0:40 — The Tide That Raised All Boats: What Do the Markets Make of the Rate Cut?
12:40 — Checking in on Stocks: Nike’s CEO Departure, FedEx’s Missed Earnings, and Oil Prices

Listen to the full interview here.

Greenwood Capital is an SEC registered investment advisory firm. This material has been prepared for information purposes only, and is not intended to provide, and should not be relied on solely for tax, legal or accounting advice.