Yi Lihua Says U.S. Stocks Begin Pullback as Rate-Cut Expectations Shift

Yi Lihua said in a post on X that U.S. stocks have started to pull back and expectations for interest rate cuts have changed. According to Odaily, he added that trading is always difficult and that even being wrong once after being right 10 times can cause problems, urging continued caution and risk control. Yi also said the pace of the decline following the latest rebound has been much faster than expected, while also coming with larger opportunities. He said that in past market cycles, bear markets were when money was made, while bull markets often led to loss-making trades.