The current ups and downs are largely affected by the sentiment of insufficient liquidity. If the US economy does not enter a recession in the next three months of July, August, and September, and no black swan events occur, it is likely to continue the current wide fluctuations until September, entering a swing state before the election. The election cycle will come next, which is generally beneficial to risky assets and relatively bullish. But if the economy is in recession, then judging from the current price, it is definitely not the bottom, and there may be a larger gold pit.

In general, the current market is ups and downs, and emotions have a greater impact. In the next few months, it will be affected by the US economic trend and the election cycle. Investors need to keep a clear head, analyze the market rationally, and not be swayed by emotions. At the same time, there should be sufficient plans for the possible impact of the recession. I hope we can act cautiously, seize opportunities, and avoid risks on the road of future investment.