Today, Monday, let us first pay attention to the situation of the international financial market:
The upcoming announcement of non-farm payrolls this week has also caused the entire market to continue to discuss when the Federal Reserve will cut interest rates. The current optimistic expectation is to cut interest rates from May to July, with a surprise margin of 75-100 basis points.
Although sentiment in the U.S. stock market has begun to cool down, U.S. chip companies have made another move before the market opens, and technology stocks have risen slightly before the market opens. It is likely that technology stocks will once again drive the pace of the entire stock market when the U.S. stock market opens this Monday. Last week, U.S. stocks hit a record high. Will they continue to break through this week?
The U.S. index continued to fluctuate around 103.8 after last week's close. Whether the U.S. index can rebound requires the support of economic data.
After OPEC+ extended production cuts, U.S. Treasury bond prices fell and yields increased. At the same time, international crude oil was quoted at $83, continuing to remain at the high level of the oil price bull market.
International gold has reached a new high. Currently, due to intensified geopolitical issues, risk aversion is increasing. The current price is $2,083 per ounce.
Bitcoin is breaking a recent high in the afternoon. The CEM Bitcoin futures market currently maintains a positive premium of 700 points, which is 200 points lower than last week's data.
Although the futures market has always been optimistic about the market outlook, the market as a whole is indeed in an overbought state. Bitcoin’s basically no correction trend, market sentiment FOMO and the interest rate increase in the lending market, although this is a reminder of the bull market. arrival, but it also makes people have to consider the risk issue.
Although the adoption of ETF has changed the fundamentals of the market, it is not known whether the changed fundamentals can effectively combat the risk of low-probability events.
Detailed market analysis will follow later.
