In late March, for example, Steelcase warned that its sales could drop 5 percent in the first half of the year. Free Press 50 stocks could rebound again if investors believe that the economy and corporate earnings will grow stronger. The three Fed rate cuts could eventually help. One rate cut took place in January, a second in February and a third in March. All three should be well on the way to working their magic by December.
Economists see even more rate cuts ahead.
Some predict that the Fed could cut rates by another half point by May 15. If so, things could look better for the real economy and Free Press 50 stocks. What's dirt cheap today could look like a gem in months ahead.