The Fed had an emergency meeting today, and decided to cut rates by 50 basis points!
This is a very historic cut … especially between meetings like this.
The short term effects are obviously going to be good for the markets, but we’re still concerned with the overall IPO Market in 2020.
We’ll keep waiting for upcoming IPOs in 2020. I have a feeling that many of the IPOs this year will be pushed back to 2021.
Time will tell.
Don’t forget to download the IPO Wait app for Apple’s App Store of Google Play.
Have a great day,
IPO Wait Syndicate