Just as the words fell, the world erupted.

Trump's return illuminates the future of the United States, but casts other countries into gloom.
Trump's Davos speech sends the latest demand to the world:
Demand OPEC to lower oil prices, demand Saudi Arabia to invest $1 trillion in the United States; demand the Federal Reserve to immediately cut interest rates, demand other countries to follow suit; demand global companies to produce products in the United States, otherwise face tariffs.
Just as the words fell, the financial market boiled:
- The U.S. stock market rose across the board, with the S&P 500 hitting a new high. In the final few minutes before the close, people panic bought.
- Even with the threat of tariffs, European stock markets closed higher.
- Gold has turned from a decline to an increase, with a difference of about $30 from the historical high.
- Oil prices have fallen for six consecutive trading days, with US crude oil falling below $75.
- The dollar fell, but the yield on the 10-year U.S. Treasury bond continued to rise, and the bond market was not very receptive to Trump's speech.
1. Today's focus is still on the Chinese stock market, whether it will follow the overnight rise of overseas markets. For Chinese investors, February 1st is a potential concern, as it is the date when Trump fulfills his tariff commitment, and the Chinese market will enter the Spring Festival holiday. Therefore, investors may be cautious about chasing the rise before this date. In the first week after Chinese investors return from the holiday, they will face the storm of US non-farm data.
2. This week, the market trend on each trading day has been influenced by Trump's creation of "specific news." However, with Trump mentioning "Fed rate cuts," the power that affects the market has returned to the Fed - people have only just realized that the real factor that affects the market is still the Fed's policy. The Fed will announce its interest rate decision for January next week, which will be the first time the Fed has announced a "pause in rate cuts" since the start of the rate-cutting cycle. Although the market is prepared for this, there will still be some unexpected events happening in the end.
3. The bond market's view is completely opposite to Trump's, and it is loudly calling for the Fed to stop cutting interest rates.
The market is in a calm mode before the storm, and there will be unexpected events one after another, just like Trump saying he understands interest rates better than the Federal Reserve.