On March 26, Augustine Fan from SignalPlus believed that despite concerns about the slowdown of the US economy, the market could gradually recover from the previous week's decline and is expected to maintain recovery before the end of this month. The "Liberation Day" tax policy that Trump plans to announce on April 2 will be the next important catalyst. If the tax policy is mild, it could repair the recent technical losses of US stocks and promote recovery in global markets, especially amid the growth of EU and Chinese stocks.
Fan also emphasized that cryptocurrencies will continue to closely follow stock market developments in the short term, and currently lack independent market momentum. However, the recent M&A activities of Coinbase and Kraken create confidence in the long-term market growth prospects of cryptocurrencies.
The above content is only intended to provide market information and is not investment advice.
