As the week comes to a close, let’s take a look at the top stories that shaped the week.
Trump Wants Fannie Mae, Freddie Mac Shares To Rise
President Donald Trump’s administration is working to boost the shares of Federal National Mortgage Association (OTC:FNMA) and Federal Home Loan Mortgage Corp. (OTC:FMCC) before a potentially historic IPO. This move could significantly impact the housing finance industry. Bill Ackman, a billionaire investor and long-time advocate for these companies, revealed the administration’s intentions.
History Warns: S&P 500 Often Slips After Fed Rate Cuts
The Federal Reserve‘s anticipated 25 basis point rate cut might not have the expected impact on the stock market. Historical data from the past 25 years suggests that the S&P 500 often struggles after …