Strategist: Pandemic Scenario Appears to Be Replaying

According to a report by Jinse, U.S. stock markets fell again on Monday, with the Dow closing down 2.48%, the S&P 500 declining 2.36%, and the Nasdaq dropping 2.55%. The main reason for the sharp decline in U.S. stocks is that President Trump intensified his attacks on Federal Reserve Chairman Jerome Powell, raising doubts about the Fed's independence. Meanwhile, traders saw little sign of progress in global trade negotiations. As threats escalate, the dollar is also under pressure, reaching a three-year low. At the same time, gold prices soared to a record high above $3,400 per ounce. Michael Green, chief strategist at Simplify Asset Management, noted: "The situation that is becoming clearer is the deep conflict between the Federal Reserve and the U.S. government. We are effectively replaying the pandemic scenario, and this uncertainty has substantially disrupted trade... Most expect some form of stimulus measures to ultimately be introduced to offset the impact of tariffs."