At 20:30, the number of unemployment benefits, trade current account and Philadelphia manufacturing index for the week, can the recession concerns be digested?
I said in the morning that the big cake will repeatedly test 62,000, and the 4-hour closing line continues to stand above 62,000. The data at 20:30 will have a great impact on the US market. If it can help the US market digest the concerns about a hard landing of recession, it will make up for the lack of yesterday's increase and directly hit 65,000;
Even if there are small-level divergences and other bearish sentiments, it is not recommended to short. It is best not to go against the general trend. The unexpected 50-point interest rate cut is a big positive. Although there are recession concerns, I think that is something that may happen next year. I remember that I posted a previous report on the US economic trend after interest rate cuts over the years. Many times after interest rate cuts, there was a recession, but it took 3-6 months to happen;
Currently, the Nasdaq futures index has been rising, and the two ETFs also rose 3% before the market opened. The above shows that the US market is likely to rise again after a day of digestion in the evening. The daily trend of Nasdaq is also an upward trend, so it feels that there is a possibility of further rise in the evening;
Negative factors: 1. Affected by recession concerns, but the retail data in August looks okay, so it is not considered that it is in recession now. Focus on the pre-market prices of US technology stocks to see if they fall sharply;
2. The Bank of Japan will release an interest rate decision tomorrow, which will be a nuclear-level negative;
