Large-cap U.S. stocks have not played a "supportive" role, and U.S. stocks have fallen collectively, and the crypto market is under pressure in the short term! Pay attention to short-term support
At present, U.S. stocks have fallen across the board, including the Nasdaq, S&P, Russell, and Dow Jones, with the largest decline coming from the Nasdaq, followed by the S&P and Russell, and the Dow Jones has fallen relatively less.
Bloomberg's explanation for this is that large-cap U.S. stocks have not played a supporting role at present, and the decline of large-cap stocks has led to a collective decline in the stock market.
Among the seven technology giants, only Nvidia $NVDA Tesla $TSLA Meta $META have maintained gains, and the rest have all fallen.
At the same time, national gold has risen again, currently at $2,462, and the 10-year U.S. Treasury yield has remained relatively stable.
The crypto market is currently following the decline again and has effectively fallen below the 1-hour Bollinger Band. In the short term, pay attention to the 1-hour 63,000 support and the 4-hour 62,650 support.
Question:
What are you trading now? After the event-driven market is over, it is mostly volatile, and the expectation of interest rate cut is imminent, coupled with Trump's favorable expectations for the US economy, even if it does not rise, it cannot fall like this, right?
Unless the earnings season brings certain expected pressure? Leading to the continuous selling of large stocks, especially technology stocks?
