Less than five days until the Fed rate cut, and the current CME FedWatch shows: A 93.4% probability of a 25-basis-point cut and a 6.6% probability of a 50-basis-point cut. Although the probability of basis points has slightly decreased, down from 11% earlier, after much anticipation, the rate cut is finally happening! Old Powell is about to transform from Mr. Too Late into the Bull Warrior.