Why did the market plummet? Because the Fed's hawkish dot plot originally expected four rate cuts next year, but now only two are expected. It was originally expected that the market would be flooded with money, but now it has been broken. People are starting to panic that there is no incremental capital entering the market.

What will happen if the Fed does not cut interest rates? US bonds and US stocks, Trump has no debt ceiling, and the dollar appreciates

Will there be no rate cuts in fact? No

1. US debt interest burden

2. Trump's stock market is not allowed to be worse than Biden's period when he just took office

3. Trump's trade protectionism will greatly cause US inflation and will not allow the dollar to appreciate

4. The process of rate cuts must be fast and urgent. How can it be possible to brake halfway? Braking halfway is very likely to cause inflation to rebound

In summary, Powell is playing "expectations" again

So for us, relax, do less and watch more, the rebound must be fierce and fierce