Someone asked, what does it mean to stop raising interest rates? I have made an analogy before: the end of the interest rate hike is equivalent to the landlord hitting you once yesterday, today he will still hit you once, and then he will continue to hit you once every day, instead of twice. The interest rate hike is over, but high interest rates will be maintained, and the market is still under great pressure. There will be a certain rebound in the short-term, but it is not stable, and the mid-term is still a washout period. When the interest rate cut is announced in which month, it will start to rise sharply, but it will plummet in the first month after the interest rate cut is started, because the sharp rise is the anticipation of interest rate cuts digested in advance. For example, in June 2019, the Federal Reserve announced that it would start cutting interest rates in September. Interest rate, after the sharp pull in June, began to turn downward, and continued to decline until the plunge reached a low point in September, and then began to trend upward.