What do you think the market will do? I see that both sides have some reasoning, but the key point is that this rhythm is no longer dictated by data; it's now about the timing of speculative expectations.

Moreover, there is a significant divergence now. One side is the die-hard bulls, claiming that a rate cut in September is a certainty, and they have already started to create momentum to drive the market up, intending to turn the interest rate cut expectations into a large wave.

On the other side are the cautious bears, who believe that before any rate cuts, there will definitely need to be a drop first to flush out weak positions, and then they will wait for the rate cut to make a final push to the peak, after which the bull market will come to an end.