CICC: The pullback in U.S. stocks has helped the resumption of interest rate cut trades

Sina Financial News CICC research report pointed out that the expectation of the Fed’s interest rate cut postponement is still fermenting, and the number of interest rate cuts implied by CME Intrerest Rate futures last year has been reduced to 1, that is, in September, resulting in 10-year US bonds and the US dollar continue to rise, approaching the previous high. This “fire” finally “burned” on US stocks last week, with the S&P 500 index falling 3.1% last week and the Nasdaq index big dumping 5.5%, causing market concern. On the one hand, the US stock market has its “inevitability” fall, and on the other hand, it is not a bad thing for the US stock market to fall in this position, which can not only digest its overly strong expectations, but also help the interest rate cut trade to open again, and then lay the foundation for the subsequent re-pump.