七七是十九
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Now it seems that the possibility of the U.S. cutting interest rates in September has become very high, and a one-time cut of 50 basis points cannot be ruled out. Many still believe that the Federal Reserve will continue to hold its ground, but this is actually like a dammed lake; the more it holds back the water, the more it will surge down once it breaks.
In fact, if the U.S. stock market had really dropped in April, it might have been a healthy adjustment. But instead, it stubbornly fabricated a bunch of data to push the market up again, resulting in a rise with no fundamental support, which only inflated the bubble further. This scene is reminiscent of the "final surge" in domestic housing prices during the pandemic period of 2020-21, which, after a brief extension of life, resulted in a deeper correction. And now, the path the U.S. stock market is on will likely replicate a multi-year downward channel, similar to the evolution trajectory of the domestic real estate market over the past few years.
In fact, if the U.S. stock market had really dropped in April, it might have been a healthy adjustment. But instead, it stubbornly fabricated a bunch of data to push the market up again, resulting in a rise with no fundamental support, which only inflated the bubble further. This scene is reminiscent of the "final surge" in domestic housing prices during the pandemic period of 2020-21, which, after a brief extension of life, resulted in a deeper correction. And now, the path the U.S. stock market is on will likely replicate a multi-year downward channel, similar to the evolution trajectory of the domestic real estate market over the past few years.
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