The expectation of interest rate cuts is a good thing, but whether a real cut (if it's not an aggressive 50 basis points cut) can truly drive a counterfeit bull market is something I am skeptical about. The expectation of rate cuts has been digested, especially with Trump's repeated mentions, which have given the market enough confidence that there will definitely be cuts in the future. So, when the actual cut happens, could it turn from positive to negative? I think the possibility is the same as the last rate cut; after the last cut, the market started to decline. Now with Trump's intervention, there are divisions within the Federal Reserve, some board members are resigning, leading to global market doubts about the Federal Reserve's independence, which is also a big issue. Additionally, the news about tariffs; the U.S. has been quite aggressive with its tariffs globally, which will have a long and predictable impact on global production and consumption costs. This means continued currency depreciation and ongoing inflation. Whether there are rate cuts or not, we are stuck here. Therefore, before the most likely cut in October, and before the tariffs fully take effect, it is also a breather for the counterfeit market.