Nasdaq already took into account t that the FED will decrease the interest rates by 160 points, & the market is pricing it as if it’s true.
In reality it is not true and J. Powell didn’t take any decisions yet. Supposedly J. Powell sees that his ambitions are. It yet met, he might decrease the rate by 75 points only and the market might easily decline by 8% as a reaction to that.
Keeping all realistic scenarios in mind is a must, and speculated assumptions without any facts or decisions must remain a hypothesis. Watch the market as it digests reality next week.
(This is not a financial advice nor guidance. It’s my humble opinion in the markets within 12 years in the market)