The current financial market is shrouded in a gloomy atmosphere, with investors weighing multiple factors. Powell's upcoming remarks have become the focus of the market, with most expecting to hear hawkish tones. This expectation stems from Powell's recent emphasis on the independence of the Federal Reserve, as well as the impact of economic data.

However, the reality may not be so simple. Despite the cautious market sentiment, there is still the possibility of a rate cut in September. If a rate cut does happen in September, then preparations for it may begin in August. It is worth paying attention to whether the upcoming release of the Federal Reserve's meeting minutes will reveal the rate cut path. If such signs appear, it may influence Powell's speech, causing it to shift towards a dovish stance.

From a human perspective, the uncertainty of the geopolitical situation, the volatility of the cryptocurrency market, and speculation about the contents of the meeting have collectively led to the current pessimism. However, when most people are cautious, it may actually be a good time to look for opportunities in the short term.

Looking back at history, the Federal Reserve's consecutive interest rate hikes during the period of 2018-2019 had a significant impact on the approval ratings of the then-president. Considering the upcoming election cycle, decision-makers may be more cautious. The current various economic policies and changes in the international situation may all be aimed at creating a favorable environment for economic recovery.

For long-term investors, short-term market fluctuations may not be that important. However, for traders focused on short-term opportunities, finding counter-trend opportunities amidst the current pessimism may yield some rewards. Regardless, it is crucial to remain calm and conduct rational analysis during this period of uncertainty.