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00:00John Stoltzfus of Oppenheimer, the biggest bull on Wall Street, writing the following. We do not expect any dramatic cuts from the Fed, but rather measured trims. John joins us now for more. John, good morning. Good morning. That day, your biggest bet on Wall Street. So how was that? Good morning to you when you first saw it this morning. All time highs on the S & P. Record highs of the NASDAQ not too far away. On small caps, the trim cuts enough. I think trim cuts will be enough. And I think the wonderful thing about trimmed cuts is for the Fed. What it is, is the economic data, particularly around the jobs number, has offered an opportunity of essentially a free haul pass. So if the Fed chair, the FOMC committee, a committee, come out with a cut, it's not politics. It's just the dual mandate. And looking at what the the weakness in the jobs market and adding some liquidity to the system. And it's also an anniversary shot in September. If they do 25 bips or if they do even 50, the market should be able to take it, digested it. Let's address that weakness in the jobs market. The we testing the limits of bad news being good news for stocks. You know, I think somewhere in the middle of that chart, it depends the way traders look at it and the way an intermediate to longer term investors who are investing for retirement, which is a multi-generational effort. Now that has changed the tone of the private investor and the size and presence of the the individual private investor more than I've ever seen it in 42 years.

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Fed to Offer Measured Trims Not Dramatic Cuts: Stoltzfus

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