In this round of U.S. stock market decline, unless the U.S. really enters a recession, a drop of about 10% is about right, and it won't be as severe as in April.

So, the gamble in this round of decline is whether the market believes that interest rate cuts are more beneficial or that a recession is more detrimental.

Is it that halfway through the decline, the benefits of interest rate cuts stimulate a rebound, or is it that a recession shock forces Powell to intervene?

This matter, only God knows, and no one can predict accurately.

All I know is that I won't make the same mistake as in April (liquidating positions waiting for a decline but not buying enough).

Please remember: being overly conservative is a kind of risk, and not taking risks is the biggest risk.

Additionally, if A-shares also crash next week, I strongly recommend brokerage-related stocks, or just mindlessly buy brokerage ETFs, which is a stable investment yielding 20% a year.