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[Market Overview] US stocks opened higher but turned lower, with interest rate cut concerns and risk aversion dominating market data.
Last night, the US stock market opened significantly higher before turning lower, with three core issues:
1. AI boosts fleeting appearances: Nvidia's earnings report briefly restored confidence, but the tech sector quickly led the decline, and the enthusiasm for AI trading rapidly subsided;
2. Expectations for interest rate cuts fluctuate: The probability of a rate cut by the Federal Reserve in December remains uncertain, and market concerns have not dissipated.
3. Risk aversion rises: Bitcoin continues to decline throughout the week, and high-momentum stocks weaken simultaneously. #美联储会议纪要将公布