U.S. stock market speculation

The S&P opened more than 1.4% higher and then closed lower, which has happened twice in history. In April 2020 and April 2025, it started rising the next day.

Opening more than 1% higher and then closing lower has happened 7 times in history, with 5 rising and 2 falling the next day.

Yesterday was a new instance.

If we look back, the short-term situation in 2018 was quite tragic, and 2018 was also during Trump's term.

That December was the worst Christmas month, with trade wars + shutdowns + interest rate hike expectations + liquidity exhaustion, which is very similar to now. Let's review the continuous decline process at that time:

12/4: Yield curve inversion → market panic.

12/12–12/18: Repeated statements on the trade war, tech stocks plummeted.

12/19: Federal Reserve raises interest rates + Powell does not turn dovish → trigger point for the crash.

12/20–12/24: Continuous decline; on 12/24, Christmas Eve, the Dow dropped nearly 3%, creating the worst Christmas Eve in history.

The big rebound started on 12/26.

Several Federal Reserve officials turned dovish, and Powell turned dovish.

Later, the trade war eased and further rebounded.

If we take 2018 as a mirror, the U.S. stock market's wave of decline was to show Powell, perhaps the rebound point was also during the dovish turn.
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#美国非农数据超预期 #比特币波动性 #美股2026预测