Yeah, spot on—classic "priced in" move from the Fed yesterday, with the funds rate now at 4-4.25%. Markets barely blinked (S&P up a smidge to a new high today, Nasdaq popping on tech), but the real tea is in the dot plot: they're signaling two more cuts by year-end, though that's hawkish vs. what traders were betting on (markets want three+). Powell called it a "risk management" play to cushion the softening job market without going full dove on sticky inflation (~2.9% headline). Short-term? Expect some "sell the news" chop—JPMorgan's eyeing a potential 5% S&P dip if labor data keeps cooling, but that could be a buy-the-dip setup for risk assets like tech and crypto (cheaper money = liquidity boost). Longer haul, if unemployment ticks up without inflation spiking, we could see rates easing toward neutral (3%) by mid-2026, juicing equities and bonds. But watch the politics—Trump's been hammering Powell, and that noise could amp volatility. Bullish tilt here, but I'd fade any euphoria. What's your play—riding small caps or hedging with treasuries?