2026-02-03 04:47:31

The decline that started last week was due to the cash balance of financial managers being insufficient, combined with passive selling caused by poor performance during the earnings season. Currently, the probability of this happening is increasing. This week, we will see if fund managers' cash holdings have increased. Additionally, the shutdown that was expected to end by Monday night seems to be extending for a few more days.

This shutdown has once again delayed the release of labor data, but the January data is what it is. Everyone is still looking forward to the trend after the transition. Although the shutdown was initially expected to end by Tuesday, there is a possibility of further delay. However, since fewer departments are involved and the time will be limited, it is unlikely to cause a disturbance as large as last October.

A pullback around 2112-2088 can be used to add long positions, with a rebound target around 2373-2580.

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