| With the news of the Republican Party taking the House of Representatives, financial markets' bets related to Trump have become even more extreme. Wall Street is already calling for the S&P 500 index to rise to 10,000 points and Bitcoin to reach $100,000.$BTC

Do not guess the top, do not guess the bottom.

The Chinese market closed, seemingly particularly quiet. Compared to the ups and downs, people are more focused on thinking about the future direction.

1. The A-shares and Hong Kong stocks have fallen, consistent with what we forecasted in the (Global Market Strategy) this morning. Today's performance of the Chinese market is less related to domestic policy expectations and more influenced by the Trump-related market. Almost no one doubts that China will introduce more stimulus policies, and it is expected that China will deploy response measures at the December meeting and finalize fiscal stimulus measures at the National People's Congress meeting in March next year.

2. The offshore yuan once touched the 7.25 level, facing further decline. After yesterday's sharp drop, the People's Bank of China set today's yuan exchange rate midpoint almost in line with market expectations (not significantly stronger), indicating a sense of reassurance about the current trend.

3. If you want to grasp the rhythm of this market cycle, then keep a close eye on the dollar; global major markets move with the dollar, and there are currently three major factors driving and supporting the dollar.

· First, American exceptionalism, that is, the expectation of outstanding performance of the U.S. economy;

· Second, the prospect that the Trump administration may take radical trade measures;

· Third, the market has lowered expectations for future interest rate cuts by the Federal Reserve, and the prospect of a rate cut at the December meeting is in doubt. Wall Street is currently waiting for Wednesday's U.S. CPI data to assess the outlook for a rate cut in December. Inflation is the most uncertain factor right now.

4. After the results of the U.S. election were announced, U.S. Treasury yields did not rise further but hovered in the mid-range of recent fluctuations, leaving room for the U.S. stock market to rise.

5. Gold has fallen for three consecutive trading days, heading towards $2,600. Just like a few weeks ago when you shouldn't guess the top, now don't easily guess the bottom#牛回速归，晒晒你的持仓？ #加密货币总市值破3万亿美元 #BTC何时破9万？ #BTC连续破新高，你看到多少？ #比特币搜索热度攀升