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Investors' Roller Coaster: Is Rate Cut a Blessing or a Trap?

The Federal Reserve cut interest rates by 25 basis points, and the first reaction of investors is "great," while the second reaction is "panic." Why? Because it's like receiving a red envelope and finding only a voucher inside — it can be used, but it doesn't necessarily mean it will be spent right away.

For the stock market, interest rates have come down, financing is cheap, corporate pressure is eased, and optimism naturally follows; for the bond market, yields are dropping, funds are pouring in, prices are rising, and investors are applauding; while in the crypto space, it's the most dramatic: on one hand, they shout "the liquidity bull market is coming," while on the other hand, they secretly place sell orders, fearing this wave is just a false move.

The question is, is the Federal Reserve's interest rate cut aimed at "stabilizing growth" or "restoring confidence"? If it's merely a confidence project, the market will soon cool down: after all, the high national debt, stubborn inflation, and external risks are still there.

In terms of investment logic, one must be cautious of "over-interpretation." A rate cut does not equal unlimited liquidity, and 25 basis points does not equal a new round of bull market; it is merely a policy trial. The real key lies in what happens next—whether the Federal Reserve continues to proceed gradually or is forced to hit the brakes again due to inflation making a comeback.

What should investors do? In one sentence: Don't be impulsive, learn to be a rational rider. Roller coasters are thrilling, but only those who can get off are the winners.