The Federal Reserve is about to start cutting interest rates, but the NASDAQ suddenly plummeted.
On the face of it, the release of Tesla's driverless taxi Robotaxi was delayed until October, dampening market sentiment and leading to the collapse of the NASDAQ. After a sharp rise in stock prices, it is easy to get out of hand, but please note that the delay is not a cancellation; it is not a change in strategy; China's Radish Express is already working.
The underlying reason for the sharp drop in Nasdaq yesterday is that inflation in the first half of the year always exceeded expectations, and interest rate cut transactions (expected recession) failed. This led to large US technology stocks becoming a safe-haven sector, so every time inflation remains high, the market will be full of Nvidia and XBI.
The big tech stocks in the US have actually become a safe-haven sector similar to the A-share dividend sector.
When the interest rate cut deal actually came, market expectations reversed, technology stocks turned short, and small-cap bears turned more. This led to a sharp rise in XBI and Russell 2000.
$Tesla (TSLA.US)$