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Astoria Portfolio Advisors' CIO, John Davi, was interviewed by CNBC on June 26, 2019. John discussed the potential implications of the G20 summit, as well as the market's expectation of an interest rate cut. Click here to read more Best, John Davi Founder & CIO of Astoria For full disclosure, please refer to our website: https://www.astoriaadvisors.com/disclaimer Click here for Photo Source

While the quarterly FOMC meeting undoubtedly deserves attention, we suspect that investors are missing the forest for the trees. When has US Federal Reserve EVER prevented a recession? The Fed, by design, is not meant to be proactive. The big picture trends that are impacting risk assets have been brewing for some time. The fed funds futures market is now pricing in several interest cuts this year and unfortunately history shows that by the time the Fed cuts, it will be too l