It's not about 25 or 50bps cut - it's about the markets reaction to the cuts. Over the next few days and weeks, markets will experience a lot of noise. The question is if we can get enough movement up or down to find good buy or good sell points. Sure, the election still matters, but going forward the Fed will be able to cut rates - creating another regime of the "Fed Put" that let's market participants know - any rough waters ahead the Fed will have your back.