This Stock Market Lifeline Could Come from a Surprising Place: Australia

By CCN: The U.S. stock market struggled for much of the past month, sending the S&P 500, Dow Jones, and Nasdaq lower amid a rapidly-intensifying U.S.-China trade conflict. However, a growing number of equity strategists expect the Federal Reserve to slash its benchmark interest rate, and the impetus for that policy shift could come from a surprising location: Australia. Australia’s Rate Cut Previews Bullish Scenario for US Stock Market On Tuesday, the Reserve Bank of Australia cut the