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Investing.com -- Recent actions by the Federal Open Market Committee (FOMC), particularly the decision to cut interest rates by 50 basis points, have triggered debate about their broader economic implications.
Yardeni Research offers a pointed observation: the current environment resembles the conditions that led to a stock market "meltup" in the 1990s.
A meltup refers to a sharp and unsustainable rise in asset prices driven more by a surge in investor sentiment than by improving fundamentals....
>>> Read more: Fed rate cuts increase odds of 90s-style stock market meltup, Yardeni says
Yardeni Research offers a pointed observation: the current environment resembles the conditions that led to a stock market "meltup" in the 1990s.
A meltup refers to a sharp and unsustainable rise in asset prices driven more by a surge in investor sentiment than by improving fundamentals....
>>> Read more: Fed rate cuts increase odds of 90s-style stock market meltup, Yardeni says
