The "Big Seven" sold off, evaporating $600 billion overnight.
Is there really an unknown secret behind it?
The unadjusted consumer price index (CPI) in the United States rose 3.0% year-on-year in June, slightly lower than the market expectation of 3.1%, and hit a new low since June last year.
After seasonal adjustment, the CPI fell 0.1% month-on-month in June, the first negative growth since May 2020. +
The Federal Reserve has repeatedly emphasized over the past year or so that it is more confident that inflation will return to the 2% level, not just that inflation will reach 2%.
This inflation report shows that the Federal Reserve is close to its threshold for rate cuts. The decline in inflation data is "relieved". It is expected that price pressures and the labor market will slow down further, providing a reason for rate cuts, which indicates that the world may be about to enter a rate cut cycle.
Good news, not rising but falling, coupled with Germany's repeated selling, are they really not self-aware at all? This is human nature. They must have smelled something unusual. The secret behind this is intriguing!
