A rate cut is not automatically bullish for stocks. If the Fed is cutting because the economy is weakening, falling corporate earnings can offset the benefit of lower rates. If the cut is merely insurance, risk assets usually respond better.
The key is not whether the Fed cuts, but why, how fast, and how much of the move is already priced in. Markets rarely wait for the announcement. That is why the same decision can send stocks higher in one cycle and lower in the next.
These are personal notes, not investment advice.