Pay more attention to the external macro environment in the upcoming market.
On Thursday, Powell will speak at Jackson Hole. The market was initially looking forward to a rate cut in September, but the reality is that inflationary pressures persist, and expectations for a rate cut have been dampened, leading to a pullback in both the US stock market and the cryptocurrency market. Gold remains stable, while oil prices have slightly declined due to news from the US-Russia-Ukraine negotiations. If there is real progress in the talks, the risk premium will decrease, which theoretically is positive
View OriginalOn Thursday, Powell will speak at Jackson Hole. The market was initially looking forward to a rate cut in September, but the reality is that inflationary pressures persist, and expectations for a rate cut have been dampened, leading to a pullback in both the US stock market and the cryptocurrency market. Gold remains stable, while oil prices have slightly declined due to news from the US-Russia-Ukraine negotiations. If there is real progress in the talks, the risk premium will decrease, which theoretically is positive