The bulls are back and investors are chasing the market higher. Last week I wrote about why a 50 basis point interest rate cut could be a mistake, as experts told me a bold move by the Fed could signal doom and gloom for the economy and risk triggering a market selloff.

U.S. stocks drifted around their all-time highs, as a record-setting week for Wall Street closed on a quieter note.

Just as Wall Street traders come to grips with the Federal Reserve’s interest-rate cut, Friday’s US options expiration threatens to whipsaw the market some more.