This Stock Market Ain’t No Party, It Ain’t No Disco, and Investors Need to Stop Fooling Around. Here’s What to Watch ASAP After Fed Day.

If you were around during the 1980s, I dare you to listen to Talking Heads’ “Life During Wartime,” released in 1979, and not get a little pep in your step. The chorus of that song, part of which is the title of this article, was running through my head as I listened to Federal Reserve Chair (for now) Jerome Powell answer questions from reporters. It was not “just another” meeting after a Fed interest rate decision. Because the Federal Open Market Committee (FOMC) decided to cut rates for the first time si ...