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I'll add a bit more here. Why has the village chief been bearish lately? The most common reason is the technical aspects.
Another point is the macro level. It's August and the interest rates are about to be cut. How can the interest rates be lowered? It requires data support, which is an economic recession. Interest rates must be cut and liquidity must be increased.
The non-farm payroll data has already been ahead now. It has been several months ahead of the non-farm payroll data. From over 100,000 revised down to 10,000. Trump is so angry that he's cursing.
Trump cannot influence the Federal Reserve.
History is always strikingly similar. The beginning of interest rate cuts is also the beginning of expectations for an economic recession. The expectations for interest rate cuts have peaked. It's time for the recession to decline.
There is a time lag here. It's not that a rate cut will lead to an increase. Brothers are all talking about expectations.
Shenzhen Chen Village Committee Party Branch
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