Making an early prediction: Tonight, there's a high chance of a 25 basis point rate cut. A 50 basis point cut is unlikely. Rationally speaking, I hope for a 25-point cut. A 50-point cut would be a bit too aggressive—too much of anything isn't good. If it's 50, people will start worrying about economic recession. So, 25 is just right. The key is Powell's speech afterward. If his tone is too (hawkish), the market will drop further. If it's neutral, it will rise. If it's ️ (dovish), it will rally big time…