As you are discussing the Fed cut I had a look at what was the impact of Dow Jones (price return) over the next 1m. 3m,6m,1y and year following the first fed rate cut (25 or more) after a period of monetary tightening.
1m 3m 6m 1y 3y
Sep 07 0.2% -4.5% -11.8% -21.9% -22.4%
Jan 01 -3.6% -1.4% -3.3% -8.9% -3.7%