Dow surges to new record as Fed signals three rate cuts in 2024

Very dramatic jump on the S&P500 after the announcement. Implications for Australian Finance is ASX futures are up over 1%, and the AUD has jumped up into the $0.67 range (seems lots of Ausfinancers are fixated on AUD lately 🤷).

Will the US drag the ASX kicking and screaming across the line for a decent end to a pretty average year for the benchmark Aussie index? It's starting to look that way.

I still don't anticipate the RBA dropping rates in calendar year 24, but I might be proven wrong.