Many brothers asked why it fell. In fact, I have written about it in the daily market analysis, but I will summarize it for your convenience.

Why did it fall a few days ago?

Because the non-farm data released exceeded expectations, showing that the US economy is strong, so the interest rate cut will be delayed. If the interest rate is not cut, there will be no money in the market, so expectations lead to a big drop.

Why did it fall this morning?

Because the CPI will be released at 8:30 tomorrow night, and the big investors are worried about the negative impact of the CPI tomorrow and Powell’s negative speech.

So they ran away in advance, and the market panicked and fell.

The core of the rise and fall still comes from the Fed’s policy: when to cut interest rates and how much to cut