Why did the stock market still fall sharply despite the expectation of a rate cut?

Let’s assume an extreme situation: the United States has become a country more backward than Ukraine due to the economic crisis.

Then the United States cuts interest rates by 100 basis points. Is it still meaningful?

Congo in Africa cuts interest rates by 10,000 basis points. Is it good news?

There is a hidden premise for the good news of the US rate cut: the United States must be the world’s number one power.

If the United States is not, then whether it is good news or not needs to be weighed.

Now the economies of the United States and China are on par with each other. It is very likely that this economic crisis will determine the winner, so it is not surprising that it is abnormal. We cannot stick to the old ways.