📈 Behind the violent rebound in the stock market, the true driving force may not have arrived yet?

The United States investment bank Goldman Sachs asset allocation research director Christian Mueller‑Glissmann recently stated: The recent rise in U.S. stocks, if it is to continue, may still require the Federal Reserve to restart its rate-cutting cycle.

He describes this round of market as a **“fast and fierce recovery phase”**.
One important reason is — previously, hedge funds that reduced their positions significantly to lower risk are now forced to re-enter the market and rebuild positions, creating a technical push.

Currently, the S&P 500 Index has the potential to rise over 3% for three consecutive weeks, but he also raises a key question:
Without monetary policy support, can this kind of rise be sustained long-term?

From a macro structure perspective, there are still some contradictory signals in the market:

The stock market continues to rebound
Oil prices remain high
The credit market performance is relatively lagging

In addition, this round of gains is largely concentrated in the technology sector, and the capital structure is not entirely balanced.

📊 For investors, this kind of market often means:
Short-term sentiment drives the rise, but the long-term trend still requires macro policy coordination.

🌱 Here’s a piece of motivational advice in investing:

When the market rises, many think they’ve become smarter;
But truly smart people are always thinking —

how much longer this wave can blow.