Macroeconomics and Market Sentiment

1. The Bank of Japan raises interest rates today: The market generally expects that the Bank of Japan will raise the benchmark interest rate from 0.50% to 0.75% later today.

2. U.S. inflation slows: The latest data shows that the core CPI in the U.S. in November unexpectedly slowed to a year-on-year growth rate of 2.6%, the lowest level since early 2021.

3. Sentiment remains in panic: The cryptocurrency fear and greed index is currently at 16, and market sentiment is still in the "extreme fear" range.

Traditional Market Linkage

U.S. Tech Stocks: Nvidia and Tesla fell about 4%, and Oracle dropped over 5%.

Commodities: Geopolitical risks push up oil prices, while gold and silver continue to rise.

Due to concerns about Oracle reigniting the AI industry, U.S. tech stocks fell overnight, with the Nasdaq index dropping nearly 2%. The cryptocurrency market also adjusted simultaneously, with Bitcoin retreating after a surge in early U.S. trading, returning to the 85 range and approaching this month's new low.

It increasingly feels that wealth is a compensation for cognition rather than a reward for diligence. The recent market situation vividly illustrates this principle—once the direction is wrong, the harder you work, the more you may lose.