The spot ETF data on Wednesday was somewhat worse, which was within expectations. The main reason was that Powell's hawkish remarks surprised the market, and the fact that there will be no interest rate cuts in December has caused some investors to worry. Some investors from BlackRock, Fidelity, and ARK have started to sell off, but the selling volume is not very large. If Trump intervenes, investor sentiment may recover quickly, as the Federal Reserve will still trend towards easing.

Of course, the Federal Reserve mainly looks at the unemployment rate. If labor data worsens in the next two months, it will also push the Federal Reserve to cut interest rates. We have already seen many leading companies starting to lay off employees, so we will have to wait for the detailed data.

This article is sponsored by #Bitget ｜ @Bitget_zh

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。