The interest rate cut will be announced at 2 AM tonight, followed by Powell's speech at 2:30.

The Fed's interest rate cut is about to take effect.
Although the 25 basis points were clearly calculated long ago, it is not a surprise.
But the key point is not whether it goes down or not, but rather where the money flows after it goes down.
Traditional finance has been locked by high interest rates this year. Now that the interest rate spread is loosening, the first to run is not the stock market but liquidity. Whether liquidity recognizes you depends on where the fluctuations are large and the yield elasticity is high.
Gold has been pressed down and rubbed on the ground during this period, which shows that the risk-averse positions have begun to loosen. Last month, after the interest rate cut, Bitcoin surged directly within a week; this is not a coincidence, it is a clear signal from the funds that money is ready to flow into the honey peach market.