The U.S. stock market has crashed again! The Dow fell over 2%, and the Nasdaq plummeted 3%. In contrast, tonight the Chinese concept stocks and A50 barely fell, and the offshore RMB even passively appreciated. Our A-shares were just one step away from achieving ten consecutive days of gains. Which other market in the world is this stable?
On Monday, the Nasdaq index fell by 3.5% during the day, the S&P 500 index fell by 3.3%, and the Dow Jones index fell by 3.2%; the U.S. dollar index has consecutively dropped below 100, 99, and 98 points; gold prices surged 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, Mr. Powell"; a major loser, lower interest rates now; Powell is always late; if Powell knew what he was doing, interest rates would have been lowered long ago.