klement has written extensively on rate cuts while unnecessary.

most recently, he wrote it has been superfluous 'modest' rate cuts that have triggered runaway inflation and other dire, longlasting, destabilizing situations.
klementoninvesting.substack.com - Lessons for todays investors from

now let's combine that with a gov that has 'wishes' (let's add greenland, canada, durable reshoring, etc...) but no viable plan for any of it.
in fact, the only plan is a possible (temporary) economic boost prior to mideterms.
for longterm investors, the choice gets easier to shift nearly all assets out of dollar-earning stocks and bonds.

"...Even if the central bank cuts interest rates, many firms do not increase their investment activity. The main reasons why they do not do so tend to be a lack of investment opportunity, a shortage of labour supply or the need to hold cash buffers.
This effectively breaks the transmission link from monetary policy to the real economy and shows why monetary policy has the famous long and variable lags. It always depends on the broader environment firms find themselves in. If businesses lack confidence in the future, they will want to hold higher cash buffers, and fewer businesses will increase investments even if the central bank cuts interest rates. If, on the other hand, there are plenty of investment opportunities at home or abroad, or if wages are low and labour supply is plentiful (e.g. in a recession), more companies will take up the ‘offer’ from banks to finance new investments with loans..."
klement