Rate Cut...

I think conventional wisdom is no change or 1/4 then they tank it. 1/2 point and we get a new leg on the upmove.

Of course what's conventional about this market?
 
I agree with TriPack, but the devil's advocate says that a 1/2-point cut drives home the point that the Fed thinks the economy is worse than the market has been pricing things lately, so it could tank as well.

Should be an interesting afternoon for a change . . .
 
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