Mars Finance reports that investors had anticipated a significant market upheaval following the Fed's substantial rate cut, but instead witnessed a remarkably calm market. However, this tranquility may soon evaporate.

"I don't think this calm will last too long," said Brian Jacobsen, chief economist at Annex Wealth Management, pointing to a reversal in the stock market later that day, suggesting a weak market ahead, "unless we get some data that gives us a clear sense of direction." Jacobsen indicated that the market would closely monitor upcoming data releases, such as the initial jobless claims figures due on Thursday.

"The Fed is clearly playing catch-up and trying to make up for lost time with the rate cut just implemented," Jacobsen added.