All eyes are on the first 50 basis point cut in four years to hedge against the risk of rising unemployment | U.S. stocks are fully priced in at highs, triggering profit taking | U.S. bonds favor short-term over long-term | Hong Kong interest rates follow the cut, but expectations for Hong Kong property and stocks remain bleak | U.S. elections take over as the next focus | Gold remains bullish

Invited big banker Lu Longting, the US cut rates by 50bps. Although Powell said it was due to catch-up factors, cutting 50 basis points, and CPI has no upside risk, instead we should be wary of downside risks in unemployment. But the market rose first then fell back, indicating everyone realized the market has little chance to surge again? Hong Kong property and stocks have been waiting for rate cuts for so long, can they make a comeback?

0:00 First 50bps rate cut in four years, it's catch-up not preemptive

4:35 Despite big rate cuts, don't expect too much from US stocks

7:47 Unemployment rate expected at 4.4%, better to invest in short-term than long-term US bonds

11:55 Hong Kong immediately follows with rate cuts, but it won't help the property market | Stock market has hopes, IPOs have waves, Midea

16:10 US presidential election becomes next market focus

24:43 Gold still has room to rise