The market will 'sell the news' after FOMC announces rate cuts (expected within 30 minutes), leading to a large wick up then a price drop, as cuts are already priced in.
"I personally think that rate cuts have already been priced into the market and this is a buy the rumor, sell the news event... And now we are probably going to get rate cuts in the next 30 minutes. And I think that there's going to be a very large wick up and then boom, we are going to fall down."
