📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
Morgan Stanley: The Federal Reserve's rate cut expectations will drive the S&P 500 index to continue to pump.
BlockBeats news, on June 30, Morgan Stanley's chief stock strategist Mike Wilson pointed out that the stock market rise since April has been primarily driven by fundamentals. Although consolidation may occur in the short term, he remains optimistic about the market trends over the next 6-12 months as corporate earnings improve and market expectations for interest rate cuts heat up. The firm believes that three main factors will support the rise: Earnings improvement: The earnings per share (EPS) revision rate has rebounded from -25% in April to -5%, providing support for further index gains; Interest rate cut expectations: The market has begun to digest the Federal Reserve's easing policy, and Morgan Stanley expects seven cumulative interest rate cuts by 2026; Risk mitigation: The drop in oil prices and the easing of policy/geopolitical risks have significantly reduced concerns about economic recession. Wilson stated that the current environment is favorable for a broad market rally — the market will expand from high-quality large-cap stocks to a wider range, and interest rate risks are currently manageable.