Why did U.S. stocks rise despite no interest rate cuts?

Although the Federal Reserve continues to show a tough stance and does not adjust interest rates, U.S. stocks closed higher last night, showing no signs of market disappointment. In my opinion, this is partly because investors had already fully anticipated this situation; everyone knows that the Fed has no plans to adjust interest rates, so this does not constitute a negative signal.

On the contrary, during this Fed meeting, Powell's positive assessment of the economy—that the current U.S. economy is very resilient and in good condition—greatly boosted investor confidence, leading to a recovery in market buying and ultimately resulting in a slight increase in the three major indices.

The rise of U.S. stocks and their strong performance, in my view, is still driven by global funds. Given the current situation, global funds are entering gold for safe haven, which is extremely unfavorable for the future trend of U.S. stocks. There may be a diversion of funds, and everyone’s pursuit of asset stability will increase. In this scenario, even if U.S. stocks are strong, it will be quite challenging to expand as they did in the past. We must have sufficient expectations regarding this.

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