2024/07/11 US stock market summary

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Today, the US stock market staged another mind-boggling drama. First, the CPI data broke expectations, and the performance was unspeakable, as if throwing us a handful of candy. The investors were overjoyed and thought they would finally be able to eat something sweet this time. However, alas, there are plenty of ideals, but the reality is that the market's backhand gave everyone a headshot — a direct decline. It's like you're expecting the landlord to casually buy you a serving of ice cream, and as a result, after eating it, you find that it tastes like wasabi.

The day before the CPI data revealed that the Dayang Line was clearly attracting chives. As a result, it was discovered that it had been locked down as soon as it went in. Just imagine that the possibility of the Federal Reserve cutting interest rates within this year is about the same as finding an oasis in the desert. Ah, naive investors. There have been routines all year; this year is particularly high!

Also, take a look at the technical chart. Whether it's the S&P Index or the NASDAQ, they are all overbought. If you compare these charts to weather forecasts, that day chart and weekly chart already show “a storm is coming soon.” Although the overall trend is still upward without falling below 5,362 points, this wave of pullback has quietly begun. Hey, grab an umbrella and get ready, take care!

Then those weighted stocks didn't give up any face, and they pulled back one by one. As the saying goes, it's nice to cool off under a big tree, but this time the big trees have removed their shade one after another, and a chill flutters in. The signs that the index is about to fall are already clear; don't look at it.

Speaking of Bitcoin, it revolves in a low-level fluctuation trend, with fluctuations between 54,000 and 59,000. It's a bit like spinning around and not being able to find a direction. Even if there is a direction in the future, it is likely to be a trend in washing dishes. It's like in a maze. You had a hard time finding the exit, but it turned out to be a fake exit painted on the wall.

Generally speaking, today's US stock market is like a play. There are no surprises, but it also conceals mysteries. I hope you play an outstanding role in this capital market drama and not be caught off guard by the plot reversal. Remember, smart investors always observe more and act less. In these years, being a bystander is also an art.