The current market can be summed up in two words: Conflicted! 🤡

What is the conflict? To put it simply, it's just that the funds are too conflicted.

Funds are quite straightforward — in 2021 and 2022, they knew very well: when the Federal Reserve raises interest rates, they definitely have to avoid the dollar to make money, so they all flocked to other places.

As a result, the dollar now seems to be throwing a tantrum, sometimes it’s extremely strong, and other times it softens again, leaving the funds puzzled: weren't we supposed to lower interest rates? Why is the dollar still so strong?

So now the funds are just like us when we are conflicted, uncertain in their minds, and they must wait until the real release of money is solid before they can be sure. But right now, this wave of real monetary release is still nowhere in sight.

We really have to wait for easing to genuinely arrive~🚀