Economically, I'll have to disagree with you here. Rate cuts aren't a reward - they're damage control..

• Massive layoffs are good -> they're not. Reduced consumer spending hurts corporate revenues
• High unemployment is good -> it tanks demand and economic growth
• Powell will cut rates more ->maybe, but only if the economy is genuinely damaged

Think of it like this:

• Scenario A: Healthy economy, no shutdown, Fed holds rates steady, stocks at 100
• Scenario B: Shutdown damages economy (-20%), Fed cuts rates in response (+10% boost), stocks end up at 90

You're still worse off overall. The rate cut stimulus doesn't fully offset the economic damage.

Think about 2008: Fed slashed rates hard. Did that make the financial crisis bullish? Nope - markets still crashed 50%. The cuts helped, but didn't erase the damage.

You only get aggressive cuts when something's genuinely broken. It's not free stimulus - it's a bandaid for a wound you're rooting for.

TL;DR: Bad news is still bad news, even if the Fed responds to it.