🌟 Market focus this week: Risk aversion, economic data and Powell talk

At the beginning of the new week, the shadow of risk aversion will still hang over, especially as China's economy will continue to face structural challenges, and the market is gradually recognizing the view that interest rates will be higher for a long time in the future; this week's U.S. economic data will mainly be secondary data , including S&P manufacturing PMI, durable goods orders and new home sales; China is expected to further cut the one-year and five-year loan prime rates (LPR), although it may not be of much help to the deteriorating market sentiment.

This week's market focus will be on Friday's Jackson Hole annual meeting. Risks have deteriorated rapidly since July, but U.S. data performed far better than expected. The chairman will speak in this context. The theme of this annual meeting is " "Structural changes in the world economy", the market will also pay attention to whether changes in the neutral interest rate and future terminal interest rate levels will be mentioned in the conversation.