The expectation of interest rate cut in the United States is full! The most dangerous time has come! (Part 2)

This reduction is generally only taken for recessionary interest rate cuts, but the market is very enthusiastic about interest rate cuts and has already reached the maximum expectation. Gold has already hit a record high. The Fed seems to be in a difficult situation. If it does not cut so much, it will become a huge negative.

I think that although the current economic data of the United States has fallen from its peak, the degree does not seem to be as urgent as a 50 basis point interest rate cut. Although the unemployment rate of 4.3% is rising, it can even be described as excellent when compared with historical data in the United States or with data from other countries in the same period.

In addition, the madness of the United States seems to be a bit unstoppable. Last week, Huang Renxun single-handedly saved the US stock market from the turmoil. He said that Nvidia's new business is very popular, and customers want to be the first to have it, so slow delivery makes customers complain. As soon as the speech came out, Nvidia soared 8%, causing the entire US stock market, which had already fallen, to rebound.

In this situation, cutting interest rates by 50 basis points seems to be a bit like adding fuel to the fire. However, from a technical point of view, Nvidia is currently in a sideways range with its highs continuously decreasing. If the rate cut is less than 50 basis points, it will be difficult to support it.

If the rate cut is 50 basis points, will the American carnival really continue? I am afraid it is not necessarily the case. There may be carnival on the same day, but this will be further regarded as a confirmation of recessionary rate cuts. The direction of the market is often determined by the most optimistic and pessimistic people. These are also the two basis points of the market. #美联储利率决议公布在即 #美国大选如何影响加密产业？ #美国8月零售销售环比好于预期 $BTC $ETH