The US economy is stable, the Fed's rate cuts are orderly, the Bank of Japan's policy adjustments may be under pressure from the US, and the Treasury refund will inject hundreds of billions of dollars

The US economic data is stable, with no signs of recession. The Fed's rate cut rhythm is clear, and it will act as scheduled in September, with three rate cuts expected this year. The Bank of Japan's decision to stop raising interest rates is suspected to be influenced by the United States. In the next few months to the end of the year, the US Treasury's refund announcement will release hundreds of billions to trillions of dollars in new liquidity. Summary: Recession panic is untrue, and rate cuts help the market to have sufficient funds, which is actually a good thing.

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