Idiotic cut and not good monetary policy, but that never stopped the Federal Reserve from doing stupid stuff. These type of cuts are usually NEVER good for the markets. Fed Reserve has zero credibility and is nothing more than a puppet to prop up the markets. Keep that easing going, at some point it implodes. IMO, this mess isn't close to over.

A couple traders and I spoke sunday ervening, we all called the move in the market and the fade. The cut got the same response as the late cycle round of china trade tweets. Gave back most of the gains from Monday. My guess most of mondays run was anticipatory to the rate cut.