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I want to praise Powell.

$NASDAQ 100 Index (.NDX.US)$ Originally, the statement that the rate cut might eventually end might have undermined the rate cut = stock price rise. However, I would like to give great praise to Powell for taking the unprecedented step of a "preventative rate cut" that was not done in the past. In the past, rate cuts were clearly delayed, leading to an economic downturn, but I think this preventative rate cut this time is a significant move to avoid entering a recession in the short term. It goes without saying that a little inflation is better than entering a recession.In the past, the rate cuts were clearly delayed, leading to an economic downturn, but I think this preventative rate cut this time is a significant move to avoid entering a recession in the short term. It goes without saying that a little inflation is better than entering a recession.Yesterday's decline was simply due to the adjustment at the end of the year, calling for selling from the market and funds that were waiting for it, as there are no reasons on the economic or corporate side. No problem. It may take a bit of time to recover, but it will be reset once the year changes! There should have been some adjustments somewhere, so if it settles down, the market can go strong from the beginning of the year! No worries!
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