After the non-agricultural data was released last night, which was significantly better than the market, the market has temporarily weathered the crisis.
- The U.S. dollar index finally broke down and closed down 0.21%
- The S&P 500 opened down 0.55% and closed up 1.2%; the Nasdaq opened down 0.7% and closed up 1.6%;
- The 10-year Treasury bond yield closed at around 4.78%
- The Federal Reserve’s probability of raising interest rates shows that the probability of not raising interest rates is greater than 70%
There are 3 possible reasons for the market reversal
1. The market finds that economic data has been manipulated and uses whitewashed data to cover up the recent crisis. Raising interest rates may trigger a crisis all at once.
2. The U.S. dollar and U.S. bond yields are soaring. At this time, U.S. stocks cannot fall. Once they fall, they can easily lose control. This is a political task, so they are quickly pulled back during the session.
3. Traders are skeptical about whether the Federal Reserve will further raise interest rates. Is it necessary to continue raising interest rates when the financial environment is so tight?
- The U.S. dollar index finally broke down and closed down 0.21%
- The S&P 500 opened down 0.55% and closed up 1.2%; the Nasdaq opened down 0.7% and closed up 1.6%;
- The 10-year Treasury bond yield closed at around 4.78%
- The Federal Reserve’s probability of raising interest rates shows that the probability of not raising interest rates is greater than 70%
There are 3 possible reasons for the market reversal
1. The market finds that economic data has been manipulated and uses whitewashed data to cover up the recent crisis. Raising interest rates may trigger a crisis all at once.
2. The U.S. dollar and U.S. bond yields are soaring. At this time, U.S. stocks cannot fall. Once they fall, they can easily lose control. This is a political task, so they are quickly pulled back during the session.
3. Traders are skeptical about whether the Federal Reserve will further raise interest rates. Is it necessary to continue raising interest rates when the financial environment is so tight?