Now it falls at the slightest disturbance

About Powell's speech yesterday

I think it's a bit like holding back a big move, very peaceful

The US stock market is now at a critical moment of V-reversal, and it has drawn a door again

This way of harvesting investors' enthusiasm costs, I think, especially at this time, is more serious than the loss of falling.

Most assets now need to be driven by basic positive factors, and they have just started to improve

Especially the big cake, a door is drawn directly

The good upward trend within three days was directly smashed down

The key points of the speech sorted by Jinshi Data

1: Interest rate outlook: Reiterate that interest rates may be maintained at a high level for a longer period of time, do not think that inaction may be a rate hike, and it is more likely to maintain the policy interest rate level at the current level.

2: Inflation outlook: Confidence in the decline in inflation is lower than before, and the lack of further progress in inflation in the first quarter of the United States is worth noting: the inflation rate is expected to fall month-on-month.

3: Economic outlook: The US economy is performing very well, with a very strong labor market, and GDP is expected to continue to grow at a rate of 2% or higher, which benefits from the addition of new labor.

4: Market reaction: Since Powell's speech, gold has basically maintained sideways fluctuations, with the highest rise to $2,356.72. The three major U.S. stock indexes generally showed a V-shaped trend.

5: Latest expectations: The market currently expects the Federal Reserve to cut interest rates by 40BP this year, and the probability of interest rate cuts in June and September is around 50%, which is basically the same as before Powell's speech.