The Fed's cutting cycle in 1995 sparked an economic boom, with the stock market more than doubling in value. The Fed looks like it's following the same path it did in 1995, according to TS Lombard. That sets the stage for the economy to avoid a recession as it did in the 90s, the firm said. It's also great news for stocks, as the S&P 500 more than doubled in value that decade.