That day, I accidentally found my public account, realizing that the last update was over 70 days ago. 24 hours with a 2-year-old mythical beast who doesn't go to kindergarten has basically consumed most of my energy. The remaining time is mainly used for recovery, and I really don't have the energy to write. Today, Lao Bao's awesome boasting in private messages exploded, so I took the opportunity when he was asleep to write a bit.
Alright, let's first see what happened?
This afternoon, the Federal Reserve announced a 25 basis point rate cut, as expected, with no market reaction. However, it then indicatedthat core inflation and economic growth are expected to be higher in 2025 than previously forecasted, while the unemployment rate is expected to decrease.Causing the expected interest rate cuts next year to be reduced from four times to two times.Powell said that high inflation and a robust economy prompt the Fed to take a more cautious approach to interest rate cuts.
The news obviously scared the market, with the S&P dropping by 3%, Nasdaq by 3.5%, and the Dow dropping in 10 consecutive sessions, setting the longest record since 1974. The 10-year Treasury bond yield rose again. Digital Currency also plummeted.
To be honest, I didn't expect today's hawkish cut. Mainly because the holiday is approaching, the new president is about to take office, there should be stability above all, right?
Is next year doomed? What should be done next?
First of all, market correction is necessary. Recently, the WeChat investment groups have basically reached the stage where everyone is a stock market god, with confidence levels comparable to last weekend's Manchester United fans. They can easily ask about a stock without...

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Wuhan's “Radish Run” driverless taxi completed a 5 million order, marking an important turning point in the artificial intelligence revolution. Unmanned vehicles attract a large number of passengers with their advantages such as low price, no smell, and air conditioning. They only cost 4 yuan for 6 kilometers, far lower than the 18 yuan of ordinary online car-hailing. Despite shortcomings such as fixed pick-up and disembarkation locations and slow speed, it has broad prospects for low cost and efficient operation. Baidu expects to achieve balance of payments in 2024 and start making profits in 2025. With Tesla's FSD technology being implemented in China, cities such as Shanghai are also planning to introduce driverless taxis. This technological innovation has had a huge impact on the traditional online car-hailing industry and may threaten the employment of millions of drivers. History has proven that the resistance of old productivity will eventually be replaced by new technology, and the development of artificial intelligence is unstoppable.
Tesla (TSLA) is actively promoting the development of driverless taxis and plans to release its driverless taxis on August 8. This move is seen as a key opportunity for its future growth.
Tesla shares rose about 4% on Tuesday, achieving the 10th consecutive trading day of gains. This positive trend means Tesla has erased all losses since the beginning of last year, with a year-to-date increase of about 5%. Shares have surged about 75% since hitting a 52-week low in April. Analysts attributed this performance to the company's second-quarter vehicle production and delivery data surpassing China...