Core Insights - The article discusses the historical performance of the U.S. stock market following the Federal Reserve's decision to restart interest rate cuts, highlighting that the immediate aftermath of such decisions has not been particularly strong for the S&P 500 index [1] Group 1: Historical Context - Since 1970, the Federal Reserve has paused rate cuts 11 times before resuming them after a waiting period of 5 to 12 months [1] - In the month and three months following the restart of rate cuts, the S&P 500 index has shown average declines of 0.9% and 1.3%, respectively [1] Group 2: Long-term Performance - Over a one-year period after the restart of rate cuts, the S&P 500 index has increased in 10 out of the 11 instances, with an average gain of 12.9% [1] - The article suggests that investor psychology may play a significant role in the market's recovery following the Fed's shift to a dovish stance [1]