Best bets are long-term Treasury bonds and gold, plus utilities, real estate, financials and dividend-paying growth stocks.

The Fed just issued its first interest-rate cut in four years.Stocks immediately surged to record highs after the announcement before closing lower.Major indexes stayed resilient near all-time highs despite a jumbo cut already being priced in.

Bond yields typically decline amid rate cutting, so the yield curve might remain inverted at least through next March.