A-shares finally showed their strength for once!
The exchange rate of the US dollar against the RMB continued to fall, the financial war was about to be decided, and the yen interest rate hike dealt another blow to the Americans.
The US election and the Pakistan-I war put the US government in a state of chaos. No one cared about anything other than votes. Issues such as debt and exchange rates were the business of the next government. The interest rate cut became a game field between the two parties, one supporting and the other opposing, which made Bao drag his feet in various ways. The US economy showed obvious signs of recession. There was no castle in the air for manufacturing, and there were fewer and fewer places to control China, and the balance of victory was tilted more and more.
The crypto market has been basically completely tied to the US economy and US stocks. The two ETFs have become the largest selling orders, and the US economic recession has become the biggest thunder; at present, we can only wait for the interest rate cut. Judging from the pattern, the decline has not stopped, and there will be at least two more bottoms.
