Rate cut incoming what to do? August P/L challenge #00

Seems like we are nearing rate cut so what are somethings we can do to position ourselves for it?

Rate cuts by the Federal Reserve can benefit various sectors and I will keep an eye out for the following:
▶Real Estate: Lower interest rates make borrowing cheaper, increasing demand for rental shops and boosting REITS
▶Automotive: Reduced interest rates lead to lower car loan rates, stimulating car sales which will benefit EV stocks
▶Consumer Goods and Retail services: As borrowing becomes cheaper, consumers may increase spending on goods and services and in turn boost service provider's stock price
▶Financials: While rate cuts can reduce bank profit margins, they may also increase demand for loans and stimulate financial activities which in turn boost bank share prices

Disclaimer: All the above are purely for educational purposes and are NOT financial advise, please DYOR/DD