We will analyze the current market from multiple angles, including the Fed minutes released at 2 a.m., the performance of U.S. bonds and the stock market.
The Fed minutes showed that the U.S. economy is expanding steadily and consumer spending is resilient, but some low- and middle-income families are facing financial pressure, which may limit consumption growth. Businesses are optimistic about the economic outlook, but are cautious in hiring and investment. Most participants expect future GDP growth to remain in line with the trend.
In terms of U.S. bonds, the 3-year U.S. bond auction performed poorly, resulting in rising yields and frustrated market confidence in loose policies; but the 10-year U.S. bond auction performed strongly, especially with high overseas demand. At the same time, the S&P 500 index rose, investors were optimistic about the short-term economic outlook, and the stock market performed well.
In summary, the Fed minutes showed that the U.S. economy was showing a moderate trend, the market was optimistic about the short-term economic outlook, the stock market remained strong, and the U.S. dollar index continued to rise. The idea of rebounding shorts was given in the morning. The current price ratio has rebounded, but the momentum for the continuation of shorts seems to have decreased. From a technical perspective, the daily line has been falling continuously, the rebound strength is limited, and the upper high point has gradually moved down. Even if there is a rebound, the space is relatively limited, but based on the previous data as support, we can continue to treat it with a volatile mindset.
Pie 61200-61500 short, target around 59500
Ether 2410 short, target around 2310.
