Historical data shows that previous bull markets did not reach their peaks during interest rate cuts.

In 2013, interest rates fluctuated little.

In 2017, during interest rate hikes, the bull market peak was reached, and the interest rate remained unchanged for three months at that peak.

In 2021, after interest rate cuts, the interest rate remained unchanged for a long time before reaching the bull market peak.

In September 2024, rates were cut in November, then increased, and then cut again in December.

In September 2025, will there be a rate cut, an increase? A decrease? No rate cut, increase? Decrease?