U.S. stocks opened for one hour, let's take a look at the market situation:
The four major indexes rose collectively, with a good opening gain, and then began to fall back. This situation can basically be regarded as a rebound after the short-term oversold last week.
Many traders who are optimistic about U.S. stocks have been buying on dips, but the overall sentiment is still not very optimistic.
International gold fell below $2,500 and has been hovering at this position. I think it should wait until the interest rate cut to stabilize the price at $2,500.
The 10-year U.S. Treasury yield rose slightly, and the fluctuation was basically small.
Comprehensively evaluating the above situation, it is currently just a simple rebound after the oversold last week. The most optimistic expectation for U.S. stocks tonight is to close with an increase.
In fact, if the U.S. stock market fluctuates and rebounds slightly this week, we can basically find out the current situation.
Last week's panic callback, this week's gaming data allowed the U.S. stock market to rebound slightly and remain stable. This back and forth basically completed the stabilization of the risk market before the interest rate cut. Next week, we will face the issue of interest rate cuts.
At present, the main game line in the macro narrative is the first interest rate cut and the subsequent interest rate cut line, which will become the main topic before and after the interest rate cut, especially the release of the third quarter dot plot on the 18th of next week, which will push the interest rate adjustment line to the main narrative thread.
If the US stock market can close higher in the early morning, at least for #BTC☀ , it can play a stabilizing role. As for how much increase it can bring, it is hard to say. From the trading sentiment during the Asian session last week, it is not too good. Let's see how it will be this week.
