The main reasons for the recent market consolidation and large investors cutting losses are fundamentally waiting for clear signals from the Federal Reserve regarding interest rate cuts. There is a significant divergence in the market's expectations for rate cuts, simply put, it's about shaking off everyone's holdings and restructuring.
At 10 PM tonight, Federal Reserve Chairman Powell will deliver an important speech, which can be used to assess whether there will be a rate cut in September and whether the high interest rate policy will be maintained.
According to Powell's past practices, it is highly likely that he will continue a hawkish tone while hinting at future rate cuts, employing a tactic of ambiguity.
Personal opinion: Focus on the 11,000 mark, with a downward target around 1,080.
That's all for now, everyone please pay attention to position control and risk management tonight!
