Mac10, Sept 16, contradicting zerohedge, says stocks do go down after rate cuts, sometimes bigly. The Fed cut in June 2019, followed by the pandemic collapse of 35 % within the year. Not dispositive, but what about June 2007, when the Fed cut with the stock market at all-time highs? A little over a year later, bust followed boom.
Mac10 then shows the longer view and notes big decline after Fed cut in 2000.