I'd like to give Master Bao a bonus for his performance last night. He followed the script I mentioned before. He was stubborn and chose to cut interest rates by 50BP in an election year. He even said there was no recession and didn't consider political factors. The white left is really a hypocrite!

Borrowing the diplomatic rhetoric that Dongda always likes to say, listen to his words and watch his actions. In order to stabilize market expectations, Master Bao emphasized that he would discuss each case one by one in the future and would not cut 50 points every time. However, the interest rate cut channel has been opened. No matter how much you cut, it is still a cut. And I still put it here. Cutting interest rates is like releasing flood water. Have you ever seen a reservoir release water for a while after releasing flood water? So the next operation of the Americans must be to continue to compile data and continue to cut interest rates according to the general trend until the internal pressure is released.

Then the crypto market, this wave of four-year bull market rhythm disrupted by ETFs, will return to the right track. Water flows down from high places, and there must be a new reservoir. In the past, it would flow into the economy that was blown up by the interest rate hike, and replaced with cheap assets to realize the value anchoring of the US dollar. This time, there are not many bottoms to copy. Europe is strictly guarding, Asia is strictly guarding, and South America is not enough. There is actually no reservoir in the world that is enough to put down such a huge amount of US dollars, so Bitcoin and Ethereum will definitely be filled with waves of US dollar rivers. This time to the moon is no longer a dream, and based on the professional operation of the Federal Reserve and ETFs, this process will be linear upward. Just look at the curve of US stocks over the past few years!

This process will be spiral upward, so there will be callbacks and black swans in the middle, but the trend has been determined, and the era of large-scale water release and weak US dollars is not far away!

PS: The traffic recommendation of the square seems to be unstable recently, sometimes there is no traffic, if you don’t want to miss me in the future, you can pay attention! #美联储宣布降息50个基点