As the U.S. stock market is about to open, the futures market is in a bad mood and is going down.

The current guidance given by the mainstream media is that traders are nervous before Nvidia's financial report.

Tonight's U.S. stock market will maintain low expectations and fluctuate.

I saw an interesting passage in an article from Bloomberg last night, but I forgot to take a screenshot.

The original words are: It is no longer the time for Powell to rule the global economy. It is now the time for Huang Renxun (the boss of Nvidia) to rule global finance.

Although it is an exaggerated metaphor, it can also show that the current U.S. stock market or technology stocks are betting heavily on Nvidia.

Thinking that Nvidia is the barometer of AI, and recognizing that Nvidia's second-quarter financial report has caused traders to be "nervous",

In fact, I think that this excessive emphasis or bet on Nvidia just reveals the concern of American capital about the bubble caused by technology stocks, and they are also worried that the bubble will burst at this time.

Of course, this does not mean that AI or technology stocks are bad or have no potential, but the current valuation is actually not low. High valuations must be matched with high expectations, otherwise the bubble will crack, and the process of bubble bursting is not absolutely pessimistic. We can also regard it as a process of "value return".

By the way, at present, gold and 10-year US bonds remain stable and have not fluctuated much for the time being.

According to Bloomberg's explanation earlier today, the decline of #BTC☀ in the early morning was due to concerns about Nvidia's financial report and the reduction of venture capital. Whether this view is correct, we can verify it today.

After the US stock market closed, Nvidia released its financial report. Since the stock market was closed, according to Bloomberg's logic, if Nvidia's financial report expectations are not good, BTC will still fall, and vice versa. Let's see if this conclusion is correct in the early morning.