Lates News

Analyst Adam Button stated that since the "tariff day" low point, the market has gradually stabilized every time it falls and then begins to buy on dips. Once the rebound begins, momentum takes over everything. However, the recent situation is not the same. Since late October, the market trend has been intermittent. Momentum sometimes exists and sometimes disappears. I think this is entirely due to anxiety triggered by a large-scale cloud computing company before the announcement of Nvidia's earnings on Wednesday, but I am also worried that it is due to market expectations of the Fed tightening monetary policy. What confuses me is that after Powell stated on October 30 that it is unlikely to cut interest rates again in December, the market did not start selling, which should have been a signal. Instead, the market continued to price in the possibility of a December rate cut for two weeks. It wasn't until last week that the market finally understood that the probability of a rate cut in December had dropped to 36%. All of this indicates that the current price trend does not look good. It is worth noting that there is no news event driving the drop today.