Come on, let's take a look at the current situation of the US stock market, which has been open for half an hour.
The four major US stock indexes fell in unison, with the Nasdaq falling less, followed by the S&P, while the Dow Jones and Russell fell more than 1.3%, a larger drop.
Gold fell back to around 2,500, the 10-year US Treasury yield continued to fall, and the US Treasury price rose.
The CME swap rate shows that the probability of a 25 basis point rate cut in September has soared to 85%.
The market is basically trading interest rate cuts, but the sentiment has shifted from the previous trading interest rate cuts to trading the correction after the interest rate cuts.
Especially in the US stock market, some of the seven technology giants still maintain their gains, but they still cannot withstand the decline of the market. The short-term driving effect of technology stocks has failed, and the large declines of the Russell and Dow Jones are also the market's concerns about the market risks brought about by potential economic problems after the interest rate cut.
The US stock market was basically dominated by declines in the first half. Pay attention to whether the Nasdaq and S&P can turn red in the second half. If the S&P can return to rising, it can also be regarded as a stabilizing sentiment for #BTC.
I am still curious about the current trend of gold. It has fallen in sync with the US stock market again. Is it true that funds are being diverted to US bonds? If the US economy can really have a soft landing, this short-term flow of funds is not wrong.
