In the early morning of yesterday, the United States announced the September production price index . In September 2022, the U.S. producer price index rose by 0.4% month-on-month and 8.5% year-on-year. The U.S. Producer Price Index (PPI) rose more than expected in September, indicating that inflation pressure has not eased. The highly anticipated US September CPI data will also be released tonight. At present, the market expects that the year-on-year growth rate of the US CPI in September may slow down slightly to 8.1%, but core inflation may once again explode.
Facing the pressure of CPI coming out, the three major indexes of US stock closed down collectively. Among them, S&P 500 index and Nasdaq daily fell six consecutive times. The S&P 500 index closed at its lowest level since November 2020, and the Nasdaq continued to hit a new low since July 2020.
The United States continues to raise interest rates in is expected to continue to have an impact on the global capital market.
The index opened low in the morning and fluctuated. The hot sectors were digital currency and the concept of information innovation. Yesterday, the brokerage firms that protected in returned to the adjustment state, and the real estate sector ranked first in the decline.
Last night, a large number of listed liquor companies, led by Kweichow Moutai , including Shanxi Fenjiu , Jinshiyuan, Shuijingfang , and Laobaiganjiu , collectively announced their performance in the first three quarters on the evening of October 12. Moutai's profit increased by 19% year-on-year. The market did not buy it after the positive news was announced. It fell by 2% as of noon. Therefore, we have always reminded retail investors not to participate in high-level stocks.
We clearly stated yesterday's article, and the bottom has been confirmed. Although market opens low today, this trend is actually healthy. If it opens high, yesterday's entry funds will ship at high prices. Today, opens high and closes low.
The current market trend is normal. The purpose of a violent fluctuation is to continue to wash the chips so that some retail investors who cannot see the market direction can hand over the chips in their hands!
When everyone is hesitating, we can clearly see that the funds continued to flow in this morning.
In the afternoon, we can tell you clearly that the probability of the market closing red today is very high. Friends who have read our articles must know that during the sharp drop before the holiday, we repeatedly reminded us not to hand over the chips in our hands. If you persist until now, you don’t have to move. The market still has room for growth, so we just need to hold our stocks and wait for the rise.
When the market rebounds to the right level, we will remind everyone in the article, welcome to follow us and communicate together.
Personal opinions, for reference only, I wish you all the best accounts! !
