The FED has already mentioned that it plans to cut interest rates slowly.

I like the slower tempo: lower interest rates

The FED has already mentioned that it plans to cut interest rates slowly.
This should sound like sweet words to bullies.

When interest rate cuts are slow,
The S&P 500 usually rises in the first year

Because I've already done it! (1984, 1995)

We cut interest rates more than four times a year
What a fast-tempo cycle means is
It's a signal that something is going very wrong. (2001, 2007)

In a rate-cutting cycle, growth stocks typically yield higher than value stocks,
This is usually the case in slow cycles.

Moderate economic growth is positive for stocks.
Because one thing is, there's no reason for the economy to expand rapidly and grow,
Second, growth stocks are more cycle-affected.

Large-cap stocks are also more profitable at the start of the cut,
Small-cap stocks are more dominant in the second half.

Smaller stocks also cycle more,
Once interest rates have been cut enough,
It's because we have an environment where it will rise significantly again. China can't replace the U.S./Europe

1) Chart says why China gathers emerging economies around itself
We're going to be able to replace the U.S. and Europe
Shows if you can't make it.

The reason is the size of China's goods balance surplus

2) Only China was excluded from the same chart.
It looks so different.

In particular, the deficits in India and Turkiye are noticeable.

This is the end-users of the U.S. and Europe
It's a big obstacle to replacing it.

India is in a situation where it cannot go with China due to a larger deficit than it is now.

If you look back on your memory,
India has not had much involvement in China's trade,
Rather, China is worried about eating away at its manufacturing sector.

3) If you look at it more broadly,
Around the world and in various political blocs,
Because of the trade deficit and surplus that has spread disproportionately,
Blocking the economy is difficult.