The US stock market has collapsed again! The Dow fell more than 2%, the Nasdaq plummeted 3%. In contrast, Chinese concept stocks and the A50 barely dropped tonight, and the offshore yuan even appreciated passively. Our A-shares were on the verge of achieving 10 consecutive gains; which other markets in the world are as stable as this?
On Monday, the Nasdaq index fell by 3.5% during the day, the S&P 500 index dropped by 3.3%, and the Dow Jones index fell by 3.2%; the US dollar index has consecutively fallen below 100, 99, and 98 points; gold prices surged by 3% to $3430 per ounce. Bitcoin briefly aligned with gold's safe-haven narrative on Monday.
Trump continues to criticize Federal Reserve Chairman Powell, saying: "Too late, sir" (Powell); a major loser, now cut interest rates; Powell is always late; if Powell knew what he was doing, interest rates would have been cut long ago.