I have made more than 100 U from the 5th to now, and I am so miserable. This market is starving people to death. I am shorting, and I can earn dozens of U. I have no interest in closing the order, and I still lose money on some orders.
Expectations for the market going forward
I don’t think the Fed will start cutting interest rates in September, and it is likely to keep interest rates unchanged.
1. The U.S. economy has not entered a recession, and the stock market is not prepared for interest rate cuts. Once the interest rate cuts begin, the hot money that has entered the U.S. will leave the U.S. stock market. Wall Street is not yet prepared for a stock market decline, so it is appropriate to maintain the current interest rate. Secondly, it takes time to sell long positions and ambush short positions.
2. The Federal Reserve is backed by the American financial group. Not cutting interest rates before the US election in November is an important bargaining chip for economic policy. No matter who is elected between Trump and Harris, the Federal Reserve cannot be avoided. Here I tend to favor Trump to win.
3. China desperately needs a dollar interest rate cut to boost its economy. If Trump is elected, the exchange rate will be a good weapon to pry open the Chinese market. A sudden change in economic policy will not be good for the next government.
When BTC and ETFs are opened, the ETF cryptocurrency circle has been tied to the chariot of the U.S. stock market. Let us follow the U.S. stock market together.