Analysis: A 70% expectation of interest rate cuts may still not be enough to trigger a repeat of the "Christmas rally" on Wall Street.

Odaily Planet Daily reports that Federal Reserve Governor Waller's hawkish comments on interest rate cuts initially pushed market expectations for a rate cut next month to around 70%. However, amid soaring AI valuations, a surging VIX index, and the risk of seasonal inconsistencies, Wall Street is deviating from historical experience and collectively turning cautious, making a repeat of the "Christmas rally" unlikely. (Golden Ten)