Housing and automobiles are two highly interest-rate-sensitive sectors of the economy.

The market has long anticipated the Federal Reserve's quarter-point rate cut, but as ever, the next question is what and when its next move will be. Or rather, what is the bond market assuming its next move will be? The good news for interest rate doves is that the market, initially at least, is pricing in lower interest rates on the way, which would be great news for interest-rate-sensitive stocks like Whirlpool ( WHR -2.62% ) and Tesla ( TSLA 2.27% ) .

What the latest moves mean for investors

The Federal Reserve's Federal Open Market Committee (FOMC) voted 11-1 in favor of the rate cut, with one dissenting member voting for a more aggressive 0.5-percentage-point cut. The rate cut was

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