The market is responding positively ahead of the Fed’s rate decision, with a near-term rally likely, followed by profit-taking.☺️

Geopolitical risks persist, particularly tensions involving Iran and rising oil prices and the core fundamentals remain unchanged.

In addition, under the current U.S. administration, I do not expect any meaningful progress on U.S. and China trade deals in the near term. It is extremely challenging, though not entirely impossible. 😔