This wave of decline is primarily due to the contraction of the US GDP in the first quarter, which caused a small wave of risk-averse sentiment to rise. Secondly, the non-farm payroll data shows an increase in unemployment.
The GDP contraction is also due to a significant rise in imports before the tariff increase and a softening of consumer spending. This is the first reflection of the chain reaction brought about by Trump's trade policy.
I think this wave will be like this, and the market will continue to rise afterwards!
Also, tomorrow is Labor Day, so I wish everyone a pleasant holiday!
