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Babe, isn't today's market making a lot of people confused? The Fed clearly cut interest rates, yet the market is falling instead of rising?
I won't bother with lengthy discussions; let me briefly share my views, which are roughly for a few reasons!
The first is that the expected dividend from interest rate cuts has already begun, and the previous rise has released the dividend from the interest rate cuts!
The second is the interest rate cut expectations for December, which were previously at 85%, but with Mr. Powell's speech, it has turned into uncertainty, creating new suspense in the market.
So, the positive news landing, coupled with the subsequent interest rate cuts temporarily hanging in the balance, has led to a wave of fall 📉
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