Kevin Wozz has taken office, and his strategy is to cut interest rates and shrink the balance sheet.

I believe that the so-called balance sheet reduction is also a case of overt tightening and covert easing—appearing to reduce the balance sheet on the surface while secretly expanding it.
The interest rate cut is indeed serious.
There is not much risk in a short-term correction; the previous 60k was the lowest point of the year.
Later, with the implementation of Federal Reserve policies and various interpretations, the market will still move upward, and the Nasdaq will continue to see large investments in AI, electricity, and storage.
The stock market remains bullish.
Artificial intelligence will become increasingly powerful, with physical AI landing—such as humanoid robots, low-altitude autonomous passenger aircraft, and AI smart wearable devices.
A slow bull market in the A-shares is inevitable, breaking through historical highs.