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The Fed's interest rate decision is approaching, and Trump emphasizes the need for a rate cut again. How should we choose!!!
The GDP in the second quarter exceeded expectations, with no inflation! The market, on the other hand, appears unusually calm and does not reflect significant fluctuations.
From this point alone, it is evident that the market is in a state of cautious observation, with a general consensus that there is a high probability of no interest rate cuts, and the main players and institutions have not rushed to enter the market.
From an emotional perspective, if the Intrerest Rate remains unchanged, the market will continue to fluctuate, and the decline will also be limited!
If Old Powell eases his stance, it will be a catalyst that directly ignites bullish sentiment, leading to a wave of upward movement.
At this point, the direction is already very clear; a bullish outlook is the best choice!
Buy around 117000, target 120500, if it breaks, look at 121400!