The story of two economies.
The cyclical side of economy is doing very poorly, they are struggling;
The tech side of economy is doing quit well.
The cyclical side of economy need big cut to engineer a solf landing.
THe market has given signal to Powell--if you do not cut, or cut too little, We are going to give your color to see.
in my thinking less than 50 bpts cut would be bearish.
