Trump has been playing hard to get, hoping for easing; Powell, on the other hand, leans hawkish and his stance isn't so soft. However, overall, a 25 basis point rate cut in September is basically a foregone conclusion.

Of course, we can't completely rule out the possibility that old Powell suddenly softens his tone this time and directly cuts rates by 50 basis points. If that happens, the market will definitely ignite and reach a climax.

So now is a good time for early positioning; entering the market in batches is relatively prudent. The market should improve month by month, and September is likely to be the harvest time when previous positioning should bear fruit.

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