Recession concerns are cooling down, can we buy in the opposite direction?
Small data creates big fluctuations, the sharp decline in the number of initial claims eases recession concerns, and US stocks close sharply higher.
BTC soared more than 10%, the signal of stopping the decline was obvious, the whales continued to enter the market, and the shutdown coin price support was verified again.
1. Recession concerns are cooling down, and the reverse buying signal is on the way.
1. This Thursday (August 9), the number of initial unemployment claims last week released by the U.S. Department of Labor every Thursday showed that in the week ending August 3, the number of initial claims decreased by 17,000 to 233,000. Although it was lower than the expected 240,000, it was the largest drop in nearly a year, especially in states where the number of applicants has increased significantly in recent weeks.
The sharp decline in the number of initial claims has eased concerns about the rapid cooling of the labor market and the recession of the U.S. economy, making the market more confident that the labor force is only returning to the pre-epidemic trend, rather than rapidly deteriorating.
2. On Thursday (August 9), the Dow Jones and S&P 500 both recorded their largest single-day gains in a year, and the Nasdaq rose nearly 3%. $BTC surged nearly 12%, $ETH surged nearly 15%, and the exchange rate between ETH and BTC closed positive.
The Cboe Volatility Index (VIX Fear Index) briefly soared to a multi-year high this week, providing traders with an opportunity to enter the market as a reverse buy signal. Usually, the return rate of US stocks is usually higher than the average in the 3, 6 and 12 months after the VIX Fear Index soars.
The reverse entry signal of the VIX Fear Index will drive the upward trend of US stocks in the future, which will also bring a certain net inflow to the big cake and concubine ETF. The current round of decline in the currency market has ended, and the pullback will be an opportunity to enter the market.
