Fed cuts rates. Where do we go next?S&P 500 IndexCBOE_DLY:SPXTrain4388Rate cut of 25bps as expected but where do we go from here? The S&P is attempting to break out into new all time highs but as we’ve seen recently, there doesn’t seem to be enough buy side liquidity or buyer conviction to push the market into a new leg up. Until we see a catalyst to take it higher I would expect more chop.