Overnight Market Review (2022.5.19) On Wednesday, U.S. retailers reported thunderous results, and poor real estate data added to concerns about an economic slowdown. Safe-haven assets such as the U.S. dollar and gold rose, U.S. stocks tumbled, and oil prices fell.
On May 18, data indicated that the U.S. stock market has peaked and the bear market will continue until 2024, and there is nothing the Fed can do about it. It is believed that the S&P 500 has peaked on January 4 and is currently falling. The Fed will find out that their stimulus doesn’t really work in the end, and people only find out when the economy collapses.
With the Federal Reserve taking the lead in raising interest rates, the widening gap in global monetary policy has underpinned the current rally in the U.S. dollar. Expectations are growing that the Fed will raise rates by 50 basis points at the next three monetary policy meetings.
Trading strategy deployment: it is recommended to do more at low levels
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