Why doesn't the interest rate cut lead to an increase?
<t-32/>#美联储降息 #降息期待 #降息预期 Expectation trading Everyone should understand that the financial market is a place for buying and selling expectations. This year's stock prices reflect next year's corporate forecasts, profit margins, debt ratios, etc. Excessive gains lead to losses Interest rate cuts and increases are adjustments to the macro economy, and their impact on the micro economy is a layered feedback. However, the financial market is also a place for trading expectations, and generally will digest macro adjustments in advance. When events occur as expected, it is time to buy expectations and sell facts. In simple terms, if everyone is optimistic about a company's development next year, the stock price will rise in advance. Similarly, when expectations disappear, unless the facts exceed expectations significantly, the sellers will dominate the market!
How on-chain US stocks work and what risks are involved
1. On-chain US stocks are not real stocks; they are merely price-anchored to US stocks Third-party custody: Stocks purchased on-chain are usually held by third parties or purchased by the issuer through formal channels, which introduces trust risks with third parties or issuers; Dividends: On-chain US stocks do not have dividends; dividends will be paid to third parties or issuers, but not to you who purchased tokenized stocks; Shareholder rights: Token holders do not enjoy the shareholder rights associated with owning stocks, which are similarly enjoyed by third parties or issuers; 2. Risks
When users buy tokenized stocks, third parties buy real stocks at the same price, meaning the actual stockholders are not you who paid, but rather third parties or issuers. I think everyone has seen such cases in the crypto space;
It is now clearly the early stage of a bear market, and BTC still has a distance equal to the previous decline. The factors of interest rate hikes or cuts, whether negative or positive, depend on the overall market environment.
Professional market makers and institutions have basically withdrawn, and those who are still playing in the market are mostly just a bunch of miscellaneous individuals.