I still hold onto yesterday's position, currently down 41%. I have no plans to stop-loss for now. Today's situation is indeed not very good, with the S&P down 1.7%, the Nasdaq down 2%, the Dow down 3%, and the Russell 2000 down 2%. It feels like quite a significant drop, but I took a glance at the VIX (the fear index for U.S. stocks), which is currently around 20, up 21% today, but there's still some room before it hits the 30 mark where the market starts to panic.

In the cryptocurrency market, $BTC is down 1.7%, and ETH is down 4%. The drop in BTC is similar to that of U.S. stocks. I see many friends saying that today's decline is caused by the downward revision of non-farm payrolls, which has led to market panic. I find this quite strange because poor non-farm data should actually increase the probability of the Federal Reserve cutting rates, which should make the market happy.

Some friends also mentioned that concerns about economic downturns have led to investor shifts, which completely contradicts the GDP data released yesterday, as GDP has grown by 3%. If the economy is indeed struggling, then either the GDP or the non-farm data must be incorrect.

Considering that there have been a large number of earnings reports in the last 24 hours, and although some companies exceeded expectations, they still saw declines due to slower business growth. For example, Amazon is a representative case, which dropped nearly 10% after opening. Almost all of the seven sisters are also down: Apple down nearly 2%, Google down 1.7%, Microsoft down 1.7%, Meta down 3.5%, Tesla down 2%, and Nvidia down 2.5%. These are all factors contributing to the decline in U.S. stocks.

I don't think a comprehensive bearish outlook is very likely, as Trump hopes to boost the stock market. Therefore, although the non-farm data is favorable for rate cuts, it is still criticized by Trump. My personal thought is to continue observing, especially the market changes after next Monday. However, I believe Trump will do something during this period to prevent further market declines, as there is currently no systemic risk in sight.

This article is sponsored by #Bitget ｜ @Bitget_zh

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。