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Market participants seem to be anticipating a rate cut in 2024. Lower rates typically lead to a weaker USD, thereby boosting the value of alternative stores of value like gold and Bitcoin, which are priced in USD - more USD is required for purchasing an ounce of gold or a Bitcoin. It is believed to be good for stocks too.

However, before investors celebrate, it's crucial to consider the historical statistics of the first rate cut... typically it isn't good news for the stock market.