The Fed's rate cut expectations are being re-examined, and the market is re-pricing. AMD surged 16%, Google faced an antitrust trial, and oil prices rose due to hurricanes and the situation in the Middle East. The Nasdaq, S&P, and Dow Jones all fell, and the energy sector rose against the trend.
The big non-agricultural data showed that the Fed may no longer cut interest rates, and the future market may rely more on earnings growth rather than valuation expansion. Google may be forced to split, but the probability is low and the impact is still uncertain.
Oil prices have returned to rise, and hurricanes and tensions in the Middle East have pushed up crude oil prices. Future economic and market trends still need to pay attention to major central banks and oil prices.
