Yesterday's data prompted the market to raise its expectation of a rate cut from one in 24 years to three times. If the market expects it, it should be once in September, November and December respectively.
However, I am still not so optimistic. I personally feel that it is good to have two times. I am not pouring cold water on my brothers. I am just sharing my most likely judgment with you. Just like the whole market said that there will be only one rate cut in 24 years some time ago, I told you that it must be two times. Don't believe in expectations. The nature of expectations will change is the same.
Remember one sentence. There must be a vent under the heavy pressure of the economy. Finally, I have good news. The cakes in the hands of the Germans are almost sold out. They are so few that they can be ignored. There are less than 5,000 left.
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