Everyone I talk to expects a cut soon, the commentary's been building toward it for months. I'm trying to position for it without betting anything significant on the exact timing, because I've been burned before by assuming I could predict an RBA decision within a specific quarter.
What that looks like practically: keeping a bit more cash liquid than usual, so I can move quickly if a cut triggers the demand surge I'm expecting, without needing to sell anything else first to fund it. Not dramatic. Just optionality, held cheaply, in case the setup I've been watching all year actually plays out the way it looks like it might.
If the cut doesn't come until well into next year, the cost of holding that cash is small. If it comes soon, the cost of not having it ready is bigger.