
Alright, let’s take a deep breath here. Since Opendoor is basically tethered to the whims of the housing market-where buyers and sellers are just *waiting* for rates to come down-its stock moves in lockstep with any mention of a rate cut. So, if the Fed decides to cut rates by 25 basis points on Wednesday, as expected, well, that could help Opendoor. Or it could not. You know, it’s all speculation. Maybe the housing market will bounce, maybe it won’t. Who knows? Add in the quarterly “dot plot” projections, plus Chairman Powell’s inevitable public lecture on the state of the economy, and you’ve got yourself a stock market reaction. It’s all coming down to one simple thing: rate cuts. And here’s the kicker: in June, the Fed thought there’d be a 50 basis point cut this year. But, surprise, surprise, the labor market’s softened, so maybe that’s off the table now. But let’s just wait and see.