 CNBC's Mike Santoli. It's being called a rate cut rally for stocks. Investors are hoping for an interest rate cut from the Fed. Traders see the odds of one by September at 100% now, according to the CME FedWatch tool. Some investors are also seeing that the next president could be ex-President Trump, widely seen as paving the way for more tax breaks for corporations and for the wealthy, and more favorable policies for investors.