Last night, although there was 'the dollar falling and assets rising', the tug-of-war between bulls and bears has already begun to stir beneath the surface, and the test for the short-term direction is approaching.
1. Last night’s rise: Short-term calm bets, with limited reference.
The general rise yesterday was the market's calm response to the 'Trump firing Cook' incident, betting on an upcoming interest rate cut. However, the closing was a calm before the 'waiting for Nvidia's earnings report', which has limited reference value. After the earnings report was released, data center sales fell short of expectations, leading Nvidia's stock price to initially drop by 4%, before narrowing to a 2% decline.
2. Nvidia's earnings report: 'Not bad' but hard to meet high expectations, capital expenditure may change.
The earnings report is objectively decent, but the market demands 'sustained explosive growth' from the highly valued Nvidia. The data center fell short of expectations twice, raising concerns that the peak of AI capital expenditure may be passing. Even if it meets expectations, it may face profit-taking from analysts due to 'excessive demands'.
3. Today's opening: A rehearsal for decline, the key is tonight.
This morning, the US dollar, US stock futures, and crude oil all fell, which is just a rehearsal. The real direction depends on the actions of US funds tonight: if they 'sell Nvidia to lock in profits', it may lead to a collective adjustment in tech stocks and momentum stocks.
4. A-shares alone declined: Emotional disconnection, choices determine the trend.
A-shares were an exception to the overall rise last night, with the Shanghai Composite Index recording its largest single-day decline since April 7, showing a disconnection in sentiment between domestic and international markets. The key for A-shares now lies in investor choices: whether to hold and increase positions or continue the trend. Panic selling could reverse the situation.
Both domestic and international markets are waiting for signals; short-term fluctuations depend on US capital movements tonight and A-share investor choices. In the long term, it is necessary to return to fundamentals, and whether the market can withstand the test will soon be revealed.#币安HODLer空投DOLO #ETH走势分析 #比特币巨鲸换仓以太坊 #机构筹资布局SOL #币安钱包TGE $CFX $ENA $ETH
