US stock market review: hawkish+retailer batch thunderstorms, the three major indices all fell sharply, and the market entered a trading recession mode
US stocks continued to perform weakly this week. The three major indices all broke out of a seven-day weekly trend, setting the worst performance in many years: Under the impact of Powell's hawkish speeches and continuous thunderstorms from retailers, the recession of US stocks heated up across the board. The S&P index led the decline this week. The S&P index fell 20% from a high point and fell into a technical bear market。
By Friday's close, the Dow Jones had a cumulative decline of 2.9% this week, the longest losing streak since 1923; the NASDAQ had fallen 3.82% this week, creating 7 consecutive weekly declines, and the first 7 consecutive weekly declines since the collapse of the TechNet bubble; the S&P 500 index had a cumulative decline of 3.04% this week, setting the record for 7 consecutive weekly declines since 2001.
Judging from the annual chart, NASDAQ ranked fourth in the history of nearly 20 years, but from the perspective of market capitalization evaporation, it is undoubtedly the highest in history. After all, everyone's market capitalization has increased too much.
Future outlook: The second-order guide is still optimistic about the game in the short term. In the short term, there is still a rebound window for growth stocks that have surpassed the decline:
1. Concerns about the recession escalated to suppress the rise in long-term interest rates. The 10-year US Treasury yield fell sharply to 2.83% today. Compared with 3.2% in the previous period, the decline was not significant. The short-term decline in long-term interest rates is conducive to a rebound in growth stocks;
2. Value stock performance has skyrocketed, and early capital has frenzied into retail stocks to take refuge, but retail...