Here's the translation of the provided text into English: "Should we bottom-fish?

The total market value of the Shanghai and Shenzhen stock markets has broken through the 70 trillion yuan mark.

Global indices are as fierce as tigers, but only A-shares are falling like bears.

Today during the trading session, the total market value of the Shanghai and Shenzhen stock markets broke through the 70 trillion yuan mark.

The screenshot taken at the time of writing shows that the Shanghai market's total market value is 44.29 trillion yuan, and the Shenzhen market is 25.18 trillion yuan, with a combined total of 69.47 trillion yuan.

This is approximately 9.8 trillion US dollars, breaking through the 10 trillion US dollar mark.

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The Indian stock market has surpassed us in many data points!

Since the implementation of the registration system in 1992, the Indian stock market has skyrocketed from 692 points to the current 80,000 points, a 121-fold increase in 34 years.

According to the latest data from the Bombay Stock Exchange, the total market value of Indian stocks exceeds 5 trillion US dollars, with a total number of investors reaching 173 million.

We no longer have an advantage in terms of numbers, and if India's market value doubles again, it will surpass the big A-shares.

Moreover, India's economy is just taking off, and its urbanization has just begun.

Goldman Sachs has predicted that by 2027, India's economy will surpass Japan and Germany to become the world's third-largest economy.

There are 100 stocks in the Indian stock market with a market value exceeding 10 billion US dollars.

Today, A-shares have 170 companies with a market value exceeding 70 billion yuan, that is, there are only 170 companies in the A-share market with a market value exceeding 10 billion US dollars.

This is hardly related to India.

Only when you add the Hong Kong stock market do you feel stronger, with 128 companies in the Hong Kong stock market having a market value exceeding 70 billion Hong Kong dollars.

Tonight, the focus is on the global central bank annual meeting, and the global interest rate cut wave is about to begin.

Tonight, central bank officials from all over the world will gather in Jackson Hole to attend the annual economic symposium.

Investors will closely follow Powell's speech on Friday to find clues about the timing and extent of the Federal Reserve's policy easing cycle.

At 10 a.m. Eastern time on August 23 (10 p.m. Beijing time on August 23), Federal Reserve Chairman Powell will deliver a keynote speech at the Jackson Hole Annual Meeting (Global Central Bank Annual Meeting).

The CME's FedWatch Tool shows that investors expect a more than 40% probability of the Fed cutting interest rates by 100 basis points before the end of this year, and there is even a possibility of a 125 basis point cut.

On Wednesday this week, the U.S. Department of Labor suddenly significantly revised down the U.S. employment data, which will also shake the Fed's determination to maintain a hawkish stance.

The U.S. Department of Labor announced on Wednesday that the number of new jobs in the United States from last year to the beginning of this year is much lower than previously reported.

In the past 12 months up to March this year, the preliminary revision of non-farm employment data was as high as 818,000 people.

Overall, starting next month, countries around the world will start an interest rate cut wave.

The conventional timing of interest rate cuts in various countries will be earlier than that of the Fed, and the magnitude of the cuts will also be greater than that of the Fed.

They are all trying to be on the edge and no one dares to take the lead.

The conventional global interest rate cut wave is beneficial for capital to enter the stock market.

Of course, if there is no opportunity in the stock market, no one wants to come in.

The current issue is whether there is an opportunity in A-shares?

No one has confidence in a comprehensive rise, with more than 5,000 listed companies, plus the Hong Kong stock market, it is already the world's largest market.

It is unimaginable to rise together, but there is still confidence in the rise of good companies.

The bank stocks that were trapped at 6,000 points have been unblocked at 3,000 points.

This is the result of the market style change, with the market shifting from the past speculation of junk stocks to the speculation of growth stocks or protective stocks.

Protective stocks generally do not dare to think too much, because you do not know how long to protect.

So the most ideal goal is the natural growth of leading growth stocks.

These stocks are expected to have a larger growth space under the global interest rate cut wave in the future.

Good stocks are generally industry leaders, not sector leaders, so if you want to find a 10-fold or 100-fold target, you need to broaden and elevate your vision.

The U.S. stock market and India continue to be strong, but it is unrealistic for A-shares to continue to be so weak.

With the IPO being strict, the pressure of the lifting ban has been reduced to 4 trillion, 2 trillion next year, and 1 trillion in 2026, with another 1 trillion being the next few months of this year.

There is still pressure on the overall market, so we can only look forward to the rise of good stocks.

The world is so big, the U.S. stock market and India are the same, it is the good stocks that rise, and many companies do not rise.

The times have changed, respect value investment, and look for growth leaders as the main goal.

If you find it, you can be excited."