This year, out of the 7 FOMC meetings, the market only rose once.
Moreover, this rise was due to the tariff war dropping to 70,000, with strong upward momentum.
The FOMC meeting the day after tomorrow is very likely to be bearish; for a detailed analysis, refer to the previous posts.
In addition to paying attention to whether interest rates will be cut, we should also focus on the wording of Chairman Powell's speech, referencing his remarks from October. The market reacted negatively upon hearing that there might not be a rate cut in December.
Therefore, if Chairman Powell's speech does not convey an optimistic outlook for rate cuts next year, it will have a direct negative impact.
