$.SPX(.SPX)$ The Dow and the N

The Dow and the Nasdaq hit new highs again last night!

Out of the world's liquidity, which can be likened to a measure of ten 'dou', the United States alone takes up eight 'dou'.

The U.S. has successfully weakened the expectation of interest rate cuts and locked in liquidity by increasing non-farm employment and inflation expectations through two aggressive direct approaches.

Following this pace, considering the straightforward thinking of Americans, to preserve capital from flowing out, it's highly likely that there will be a 25 basis point (BP) rate hike in November, and it's possible that there won't be a cut in December.

Conversely, if external conditions are not favorable, the A-share market will also have to wait until the financial conference today to see what happens after playing the last card, and it might have to (with a combination of active and passive factors) move towards a slow and long bull market, possibly taking another half year to grind it out.

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