01 The U.S. stock market is like a bucket that cannot be supported. It has risen sharply for a few days and then fell sharply. All three major U.S. stock indexes fell last night, and the decline was not small. The Dow Jones fell 491 points, or 1.56%, the S&P 500 fell 2%, and the

01

U.S. stocks are like Adou that cannot be supported. They have risen sharply for just a few days and then fell sharply.

All three major U.S. stock indexes fell last night, and the decline was not small. The Dow Jones index fell 491 points, or 1.56%, the S&P 500 index fell 2%, the Nasdaq index fell 343 points, or 2.98 %.

The picture above shows the trends of Nasdaq in May and June. There are quite a lot of similarities. In early May, after the Federal Reserve announced a rate hike of 450 basis points, the Nasdaq fell. By May 25, the news of interest rate hikes had been fully digested, and the Nasdaq rose, but stopped trading and then fell after a few days.

Then it also fell in June after the interest rate hike. By June 17, after a period of time to digest the interest rate hike information, the index rose for four or five days, and then began to fall again.

Considering that there will be Federal Reserve interest rate meeting in July, and there will be a substantial interest rate hike, it is estimated that US stocks will still be difficult to calm down for some time to come.

02

Consumer discretionary had the worst performance last night, falling by more than 4 percentage points. Communications also fell by nearly 3%. Only the energy sector ended up rising by 2.7%.

Technology stocks generally experienced higher declines. AMD and Nvidia fell by 6% and 5% respectively. Tesla fell by 5%. Microsoft Apple and Google all fell around 3%. Amazon fell by 5%. %. The Internet stock ETF fell 4.2%, surpassing the consumer discretionary ETF, the technology industry ETF also fell 3%, and the global technology index ETF fell 2.8%.

The index of the Chinese concept stock fell relatively slightly. The Nasdaq China Golden Dragon Index fell by 1.45%, which was lower than the decline of the Nasdaq Index. Tourism stocks among Chinese concept stocks rose more than others. The domestic summer vacation is approaching, and fine-tuning of epidemic prevention policies has been made, which is good for the tourism sector. Tuniu rose 46%, and Ctrip rose 10.8%.

On the A-share market , the tourism sector has also risen for many consecutive days. On June 14, the CSI Travel Index was 3,700 points. By the close of yesterday, it had exceeded 4,500 points, an increase of more than 20%. In terms of technology stocks , Tencent fell 3.3%, Pinduoduo fell 2.7%, Jingdong fell 1.7%, Ali fell 1.7%, Baidu fell 0.9%.

New energy vehicles all fell, NIO fell the smallest by 2.6%, and Ideal and Xpeng both fell by more than 5%.

03

Yesterday, wti international crude oil prices rose 2.07%, closing at $111.84. Crude oil prices continued to rise this morning.

After international crude oil prices fell for two weeks in a row, both U.S. oil and Brent oil have risen in the past three trading days. This may be related to the recent situation in Libya.

Due to the impact of the domestic political crisis in Libya, the authorities may close the port. Therefore, Libya's national oil company announced that it may be forced to terminate exports due to the situation. This news made the market expect the supply of oil to further reduce, and crude oil prices rose.

Affected by the conflict in Europe, the global crude oil market has seen changes in its structure. Recently, India has purchased Russian crude oil on a large scale, while European countries have begun to seek alternative import sources from the Middle East . By the end of the year, EU Sanctions on Russian oil have officially begun, and the supply of oil will be further reduced.