ChainCatcher news, the beginning of the Fed's easing cycle should be seen as an important signal to increase stock exposure.

Chris Galipeau, senior market strategist at Franklin Templeton Institute, said that history shows that when the Fed cuts interest rates during economic expansion, the S&P 500 index rises an average of 16.66% in the 12 months after the first rate cut. When the Fed cuts interest rates during economic expansion, the maximum average decline in the S&P 500 index is 4.91%. He said that since the Fed cut interest rates in 1990, large-cap and small-cap stocks have had the strongest growth performance in the 12 months after the first rate cut. "Therefore, we believe that any pullback is a buying opportunity," Galipeau added. (Jinshi)