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I'm a bit confused about the current market, it's moving too mysteriously! Taking a selective break.
Logically, the implementation of the US-Iran Switzerland negotiation agreement should boost risk market sentiment, but the fact is that oil prices have fallen, erasing the gains from the previous two days. Gold and other negatively correlated assets have not seen a good upward move either; they are still sluggish.
This reflects that the sentiment boost effect is not significant; only a short-term weak rebound can be seen!
Before Thursday this week, it seems there is no basis for judgment at the macro level, so we have to rely on technical analysis.
This week's events are concentrated on Thursday and Friday!
The ones worth paying attention to are the PCE inflation data, Micron's Q3 earnings conference call, and the speeches of three Fed voting members on Friday!
After Warsh's debut, the speeches of the three voting members are still worth paying attention to, as they should reveal some signals to the market.