Today's positive news is Japan's interest rate decision
The importance of Japan's interest rate decision is greater than that of the U.S. rate cut, because the uncertainty and unpredictability are too high. So how will Japan respond today?
I think we need to see how tough Japan's stance is; if it's tough, the possibility of an interest rate hike is still very high. If the Federal Reserve makes hawkish statements that cause panic in the financial markets, and Japan raises interest rates, the market may panic even more. At the same time, a bottom is likely to emerge in the near future. This is when position management is put to the test.
If Japan does not raise interest rates, then market sentiment will ease, and a bottom might have already formed today, gradually recovering afterward.
Overall, the market is full of contradictions. At the current position, for some retail investors with correct holdings, the impact is minimal, and the decline is not significant; for those heavily invested in certain weak stocks, it will be very painful.
