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the last time they cut rates qqq swung quite violently. it was a little different because that was a highly anticipated 100bps rate cut to go back to 0%, but the nasdaq did end up seeing a 7% intraday movement from peak to trough on that day. if they have a 50bps cut on wednesday there could be a huge movement in both directions. nothing is really priced in. markets are almost 50/50 split on the rate cut. 1dtes could print if you get the direction right.
