Yi Lihua: U.S. stocks have begun to correct, and expectations for interest rate cuts have shifted—caution and risk control are advised.

JackYi stated that U.S. equities have begun to correct, and market expectations for interest rate cuts have shifted. In his view, trading remains the most challenging endeavor—even repeated correct judgments can be undermined by a single mistake, underscoring the need for sustained caution and robust risk management. The speed of the decline following this rally has far exceeded expectations, yet it also brings greater opportunities. Drawing on historical experience, bear markets often present more profitable opportunities, whereas bull markets tend to foster loss-making trades.