mike katz digital currency group, People also ask

Short-term funds took the opportunity to cash out, and this round of rebound is over?-Then, the PPI announced by the United States in November rose by 0.4% month-on-month, the biggest increase since June, and the market expectation was 0.2%; It rose by 3% year-on-year, both exceeding market expectations. The US dollar index opened lower and rose higher, and returned above the 107 mark, which led to the collective decline of the three major US stock indexes.

-this is actually a normal cash after the expected landing of important meetings, which belongs to the routine operation of some cautious funds locking in profits and short-term speculative funds taking profits. However, some funds that blindly followed the trend chose to kill emotionally, and the net outflow of domestic capital was nearly 60 billion yuan in half a day, which led to the market adjustment exceeding expectations.

-On the A-share market, there was a smash at the beginning of the market, especially when the heavyweights such as finance and real estate, which were among the top gainers, collectively fell, which had a great drag on the market index and hit the confidence of the market.-although the benefits released by the two major economic conferences before the end of the year have been exhausted, the expectation of interest rate cuts and RRR cuts in December is still there. As long as there are "new cakes", funds will not easily retreat. Therefore, short-term funds took the opportunity to cash out, but this round of rebound will not end there.