Trading is the art of trade-offs.
The account established a position of about 5,000 during the decline early this morning, continuing to wait for a large-scale drop to enter the market, maintaining patience.
Today's Highlights
Trump sweeps 7 swing states, plans to exert maximum pressure on Iran
Biden administration purchases the final 2.4 million barrels of strategic petroleum reserve
Reports suggest Israel is weighing the possibility of reaching a temporary ceasefire agreement with Lebanon
Russia's gold reserves value exceeds $200 billion for the first time in history
The Standing Committee of the National People's Congress reviews and approves the largest debt issuance measures in recent years
24 departments jointly issue documents to further promote elderly care service consumption
China's monetary policy implementation report: Increase the intensity of monetary policy regulation
The Securities Regulatory Commission holds two seminars, Wu Qing makes a significant statement.
Market Review
Last Friday, the residual impact of the 'Trump trade' remained, the US dollar index returned to an upward trend, probing the 105 mark again during the session, ultimately closing up 0.587% at 104.95. US Treasury yields were mixed, with the benchmark 10-year Treasury yield closing at 4.306%; the 2-year Treasury yield, which is more sensitive to monetary policy, closed at 4.26%.
Under pressure from a strengthening dollar and further diminishing market expectations for a Federal Reserve rate cut, spot gold declined, hitting a low of $2680.26 per ounce, and ultimately closed down 0.84% at $2683.77 per ounce, marking the largest weekly decline in over five months. Spot silver finally closed down 2.34% at $31.29 per ounce.
As traders' concerns over long-term supply disruptions due to hurricanes in the Gulf of Mexico eased, international crude oil retreated. WTI crude oil briefly fell below the $70 mark, rebounding slightly at the end of trading, ultimately closing down 2.32% at $70.23 per barrel; Brent crude closed down 2.08% at $73.84 per barrel.
The three major US stock indices jointly set new historical highs. The Dow closed up 0.59% at 43988.99 points, breaking the 44000 point mark for the first time during the session; the S&P 500 index rose 0.38% to 5995.54 points, briefly standing above 6000 points during the day for the first time; the Nasdaq index rose 0.09% to 19286.78 points. Large tech stocks were mixed, with Tesla up over 8%, accumulating a rise of over 29% last week, marking the largest weekly gain since January 2023, with a total market value returning to $1 trillion; Google fell over 1%, while Intel, Nvidia, Apple, Microsoft, Netflix, Amazon, and Meta saw slight declines.
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