As Wall Street gears up for an interest rate cut from the Federal Reserve, Great Hill Capital chairman and managing member Thomas Hayes joins Wealth! to break down how investors can best position their portfolios ahead of the Fed's September meeting. Hayes points to seasonality factors at play as the next few months could see heightened volatility (^VIX) ahead of the election. This volatility will coincide with the Fed's first interest rate cut, which he notes that, historically, the first few weeks after the first cut tend to be weaker. "I think you dance while the music is playing right now," he says. Hayes points to the Dow Jones Industrial Average's (^DJI) record high at Monday's close, and with Nvidia (NVDA) earnings on deck, the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) could catch up. #news #youtube #stockmarket About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance

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