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-although the benefits released by the two major economic conferences before the end of the year have been exhausted, the expectation of interest rate cuts and RRR cuts in December is still there. As long as there are "new cakes", funds will not easily retreat. Therefore, short-term funds took the opportunity to cash out, but this round of rebound will not end there.-Then, the PPI announced by the United States in November rose by 0.4% month-on-month, the biggest increase since June, and the market expectation was 0.2%; It rose by 3% year-on-year, both exceeding market expectations. The US dollar index opened lower and rose higher, and returned above the 107 mark, which led to the collective decline of the three major US stock indexes.

Short-term funds took the opportunity to cash out, and this round of rebound is over?-this is actually a normal cash after the expected landing of important meetings, which belongs to the routine operation of some cautious funds locking in profits and short-term speculative funds taking profits. However, some funds that blindly followed the trend chose to kill emotionally, and the net outflow of domestic capital was nearly 60 billion yuan in half a day, which led to the market adjustment exceeding expectations.

-Last night, the European Central Bank announced that it would cut three key interest rates by 25 basis points, and cut interest rates for the fourth time this year. The Swiss National Bank has become the "Depth Charge", announcing a one-time interest rate cut of 50 basis points, moving closer to the goal of returning to zero interest rate.