Wells Fargo: After the Fed rate cut, the stock market will see a once-in-30-years surge

Paul Christopher, Global Head of Investment Strategy at Wells Fargo, stated that if the Federal Reserve cuts interest rates in September, it will usher in the largest stock market rally in 30 years. He believes that the market environment is similar to that of 1995, with the U.S. GDP growing at 2.8%, inflation decreasing, which is favorable for an economic soft landing. It is expected that financial and technology stocks will benefit, with financial stocks leading the way after a short-term interest rate cut, followed by technology stocks. Despite possible market volatility in the coming months, rate cuts can bring significant returns to investors