While your points are very solid, the first point may be overweighted. I can see why some naive in stocks may weight lower on lower rates, i can tell you as so

While your points are very solid, the first point may be overweighted. I can see why some naive in stocks may weight lower on lower rates, i can tell you as someone in corp finance we never adjusted our risk rates (weighted average cost of capital) below 12% (which is what they have been 5-7 years ago. These types of downturns are modeled in. Yes there are some cowboys that aggressively drop these rates, but it’s very risky. We are seeing some folks suffer now because of this and more soon for sure.