Just like the last Jackson Hole Symposium, these two times increased the possibility of rate cuts, but at the cost of economic downturn. The market always gets excited at first and then calms down, and the U.S. stock market is no exception—the impact from the economy will weigh heavier. Although bad data can be spun into good news as a 'blessing in disguise,' bad data is still bad data. Economic issues are very likely to point toward a recession. If it happens, it could be the 'final drop.' If it doesn’t, it’s more likely to be a slow, grinding decline. So, economic problems are more serious than rate cuts themselves. To put it simply, rate cuts aren’t always good news—you have to look at them in the context of the economy. If the rate cut is driven by concerns about the economy, it might not be a positive thing. Sponsored by Bitget ｜@Bitget_zh