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.

Wall Street romped to records as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates.

Wall Street's main indexes opened slightly lower on Friday as investors held back after a jump in the previous session that was sparked by an oversized interest rate cut by the Federal Reserve. The Dow Jones Industrial Average fell 65.

Wall Street's main indexes were set for a muted open on Friday as investors held back after a rally in the previous session that was sparked by an oversized interest rate cut by the Federal Reserve. The S&P 500 notched its eighth session of gains out of nine on Thursday and closed at an all-time high,