Betting on rate cuts!? I checked CME, and it shows no expectations for rate cuts this year. In fact, there's a slight expectation for rate hikes, though the probability is extremely low. Of course, it's still too early to say whether there will be rate hikes or a recession—everything is subject to change. Friday's non-farm payroll data looked pretty good, and the unemployment rate even dropped, which suggests the chances of a U.S. recession are still relatively small for now. The Middle East geopolitical situation is still ongoing. Previously, the U.S. was preparing for weeks of ground operations against Iran, but it seems unlikely to start this weekend. Of course, things could change, especially as the weekend approaches. Geopolitical conflicts are still dominating the market, continuing and possibly expanding further. It's hard to predict Trump’s moves, but hopefully, we’ll see a glimmer of resolution this month. Under the influence of geopolitics, there’s no positive expectation like rate cuts or the end of the war. On the other hand, negative expectations like Trump’s verbal provocations or rising oil prices aren’t great for risk markets either. Still, without major bearish factors, the market remains more in a state of fluctuation. Whether it’s U.S. stocks or $BTC, you can still trade the ups and downs of these swings. But with war-driven inflation concerns, as regular investors, it’s better to focus on defense and liquidity management in the short term. For the mid-term, the end of the war, supply-side factors (like oil prices), and monetary policy (interest rate paths) will determine the returns on risk assets. U.S. stocks have been fluctuating recently, leaning slightly upward overall. In the short term, you can take advantage of these swings. On @MSX_CN, you can flexibly allocate U.S. stock assets without the hassle of complicated account opening procedures. If you want to learn about U.S. stocks, check out MSX Research Institute. My personal profile has the MSX referral code: x8VP18. Of course, regular investors should still be cautious with trading. It’s unlikely we’ll see any major one-sided trends for now. And just to clarify, this isn’t investment advice—Trump’s verbal antics change way too quickly!