Wait patiently for the Fed meeting tonight.
Let's see whether the rate cut is 25 points or 50 points.
25 points may be bad news, after all, the expectation of 25 points has been priced in at this stage.
On the contrary, a 50-point rate cut may be good news.
However, there is a doubt about the 50-point rate cut. Is this a defensive rate cut by the Fed or a passive rate cut based on data? If it is the former, the market is likely to rise. If it is the latter, the market is likely to copy the recession expectations.
