PCE data is coming, will the market bulls suffer again?
1. News
1. Market News
From the market news perspective: tonight at 20:30 there will be core PCE data measuring inflation, which will determine part of the demand for the September interest rate cut, and the final outcome of the Sino-US trade negotiations today. Additionally, today is also the last day for the implementation of US tariffs. From this news, it seems that the market's digestion of data will continue to erupt before the US stock market opens tonight. Regardless of how the tariff negotiations go, it is a negative data point. Currently, based on the predictions for PCE, the market still holds an optimistic view on current inflation. From Powell's speech this morning, the rise in inflation indicates a reduction in market interest rate cut expectations. If tonight's PCE data is favorable, then the market's expectations for interest rate cuts will rise, and vice versa. Therefore, we should pay more attention to the PCE data tonight.
2. Institutional Holdings
From the perspective of institutional holdings: the market's purchasing volume this week is continuing to cool down, with a weakening market for Bitcoin and Ethereum. Is there some negative news that we are unaware of, causing institutions to treat it cautiously or continue to reduce their positions? There is a lot of mixed news, and everyone should focus on short-term operations and hold onto their chips.
3. Market Sentiment
From the perspective of market sentiment: the market sentiment is somewhat sluggish, with a continuous decline and a large number of profit-taking or locking in profits. The market may experience a broad retreat. #币安HODLer空投TREE $SOL
