Today the market plummeted again, and the Americans directly struck the Persian cat.
The recent market has been like an uncontrollable roller coaster! For a whole two months, the days in the green have been far outnumbered by those in the red. Whenever international tensions rise, the market immediately follows with a plunge; just when we finally see some easing, it continues to fall. No matter whether ETF funds are flowing in or out, the index seems to be on a slide, going down all the way.
The economic data released every month is also perplexing; terms like CPI and PPI are enough to make anyone dizzy. After calculating month-on-month and year-on-year, the result is always bad news. The non-farm payroll data is even more absurd; regardless of whether the data is good or bad, the market only falls and does not rise, making it really hard to find a reason for an increase.
Now retail investors have developed a psychological shadow; just hearing "interest rate cut" makes them fear someone will say, "the good news has all been priced in and turns into bad news." Everyone stares at the K-line chart every day, their moods rising and falling with the coin price, and their blood pressure rises faster than the coin price. I really don't know when this market will get better!
