"Expectations often run faster than reality, but the direction is usually right."
Powell says "no rate cut in July," but the market has already voted with its feet—CME data shows that the probability of a rate cut in September has soared to 87%, and the expectation of three rate cuts before the end of the year has directly signaled a liquidity bull market for the second half. Rules can be denied, but probabilities do not lie.
An even more intriguing signal is on the crypto battlefield: traditional funds are rewriting the script with real money. XRP, SOL, and ADA, these "ETF candidate coins," have not yet been approved, but the market has already priced them in; behind the surge in Coinbase's stock price is 200 traditional institutions stepping into the crypto world on its shoulders—the walls of old finance are crumbling, and the stronghold of the new order has already been established.
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