Fed keeps June rate cut hopes alive. How exciting is that for stock investors?

Fed's messaging sparked a global rally in stocks. Wall Street ended 1% higher overnight, Japan's Nikkei and Hong Kong's Hang Seng were trading 2% higher while Sensex jumped over 700 points. A majority of 67% Wall Street traders are expecting the Fed to cut rates by 25 bps in its June meeting, shows CME FedWatch Tool.