Market news: A Goldman Sachs partner states that there are signs of bullish capitulation in the U.S. stock market, and selling will continue until stabilization.
Last night's decline has almost digested the expectation of no interest rate cut in December; whether there will be a rate cut in December is no longer important. What matters is the expectation of interest rate cuts in the next 2026 years.
The decline tonight is due to last month's monetary policy meeting minutes, where expectations for interest rate cuts were repeatedly exploited by the market makers to push prices down
The panic index has reached 15, which is basically the low point of the last two to three years. Except for 2022, when the panic index stayed at this low point for a while, others have mostly rebounded near this index. Will it happen again this year?