I went to bed early last night, but when I met a friend for supper, I thought I might as well check the result of the rate cut. Sure enough, it was 50BP. Let me tell you my opinion: It is always a good thing to enter the rate cut cycle! The only major rate cuts in the financial market in history were the Internet bubble and the 2008 subprime mortgage crisis. I don’t think the current US economy is that bad. So there is no need to bet on the short-term rise and fall of one or two days. The rate cut cycle is just the beginning, and there will be opportunities later.