The stock market is pumped up on a view that the Federal Reserve will make it rain free money once more. Many pros think a cooling US economy and waning inflation set the stage for a barrage of interest rate cuts starting in the fall. And with those lower interest rates, a land of even higher stock prices for top names such as Apple (AAPL) and Nvidia (NVDA) are unlocked. But is that just wishful thinking? Should investors think through this one more rationally?

Meanwhile, former President Donald Trump is leading in the polls versus sitting President Joe Biden, reigniting what is known as the “Trump Trade” on Wall Street. It also has people calling out danger ahead for the economy. On the latest episode of Opening Bid, Yahoo Finance Executive Editor Editor Brian Sozzi chats with Fed Watch Advisors Founder and Chief Investment Officer Ben Emons. The pair dive into the potential for massive interest rate cuts, if stocks are majorly overvalued, and if Trump would make the market even greater again.