Powell's speech last week basically confirmed that September is the starting point of the interest rate cut cycle. The market is currently concerned about the path of interest rate cuts, how many times and how much this year. The follow-up data will have to be tracked, and the Fed will inevitably play expectations management. The European Central Bank also simultaneously stated that the interest rate cut window is mature. Previously, Japan deleted its statement on easing. From the perspective of US stocks, the arbitrage space in the past will be smaller. From a long-term perspective, the probability of the yen returning to 130 is still very high.
From the perspective of trading interest rate cuts, it is nothing more than trading precious metals first, then trading bulk cycles, and then trading high and low funds. From the recent market, the performance of precious metal stocks is far inferior to that of commodities. Although the performance of bulk commodities in the mid-term report is good, it has been traded for half a year in advance. Now it depends on whether demand and the outside world are declining. Relatively speaking, it is relatively safe to trade US stock funds overflow.
Judging from the current BTC and ETH prices, as long as there is a pullback, there will be incremental funds to buy. A drop is an opportunity to reverse and pick up people. Get ready to fire💵
