At the opening of the U.S. stock market, the four major indexes fell collectively, with the Nasdaq leading the decline.
Among the seven technology giants, Nvidia led the decline in technology stocks, with a decline of 3% at one point, but then rebounded significantly. As Nvidia fell, the buying power that was optimistic about Nvidia was still weak.
Gold fell below $2,500 and was rebounding. The price of 10-year U.S. Treasury bonds rose slightly, and the U.S. dollar index fell to around 101.6.
The current performance of the U.S. stock market is the concern about economic uncertainty before and after the interest rate cut.
But don't worry, the U.S. manufacturing data will be released later at 22:00. If nothing unexpected happens, the data will be good for the U.S. economy, boost the U.S. dollar and U.S. stocks, and then the U.S. stock market will rebound.
By the way, since Powell confirmed the expectation of a rate cut, the U.S. dollar index once fell to around 100, and unknowingly the U.S. dollar index has rebounded to around 101.6. This is the control of the "expectation management master" over the U.S. dollar.
I also said after Powell's speech that although the U.S. dollar may not fall so easily in the face of a rate cut.
#BTC☀ Currently following the decline, if the data is positive later, we will see whether it will follow the rise!
