Referring again to the market at the same period last year, it's actually not that pessimistic.
I tend to believe that after yesterday's incident with Huang, market sentiment has fully settled, but clearing positions still takes time. And liquidity returning will take even more time.
To put it in the most straightforward and direct way: after mid to late November, market liquidity will start to return, and the market trend will rebound. The current sentiment-driven pullback is a continuation of yesterday's clearing, which is a good thing. #美国10月整体与核心CPI双超预期
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