The U.S. stock is weak on Tuesday, and the pressure on technology and growth is even more evident. At the same time, the market is under triple pressure: high valuation of artificial intelligence-related stocks, high rates of return on United States debt, and the risk of oil prices going up as a result of the stagnation of American-Iraqi diplomacy.
The nanofinger drops more than the dot.
On the whole, the voltage is mainly concentrated in technology units, especially semiconductors and storage plates. The NASDAQ index fell significantly more than the Dow Jones industry average, indicating that the funds were still avoiding the high-value growth unit rather than the full withdrawal of all the plates.
Marketers also mentioned that Cboe VIX option expiry could magnify short-line fluctuations. The calm now prevailing may soon be broken by new events.
Two events pushed up the fluctuations.
The Bloomberg chart shows that the option traders are currently projecting a single-day fluctuations of around 0.4 per cent to 0.6 per cent on most trading days. However, by 27 and 28 August, implied fluctuations could rise to about 0.7 per cent.
These two points correspond to two important events: the British Quarterly Statement and the annual meeting of the Federal Reserve Jackson Hall. The former is seen as an important window to observe AI capital expenditure and semiconductor demand, while the latter may influence the market ' s judgement of interest rate paths.
Approaching short-line support.
Although the dots were stronger than the dots, they also responded to the increase. The chart shows that the track is running near point 53352, close to point 53362 where the ASL21 indicator is located.
From a graph analysis point of view, the region is still seen as a dynamic anchor. The current fall is more like a step-by-step arrangement in the upward trend than an identified reversal. If the position is compromised, the next area is supported by an average 30-day line of approximately 52883 points, followed by an area of 52281.
Continued pressure on rates of return and oil prices
Bond markets remain one of the main sources of pressure on the stock market. In the United States, the return on 30-year sovereign debt rose by 5.3 per cent on Tuesday, and the annual rate of return remained around 4.7 per cent. A higher rate of return means that the cost of financing is higher and that the future profit valuation of the growth stock will be reduced.
Oil prices, for their part, have further exacerbated inflation concerns. Brent crude oil remained close to $91 per barrel and WTI crude oil was close to $85 per barrel. The renewed tension between the United States and Iran, coupled with the uncertainty surrounding the Strait of Hormuz, has raised concerns about the global energy supply.
Market expectations of rapid interest-rate reductions are even more difficult to warm when rates of return and oil prices are at a high level at the same time, particularly to the detriment of high-value valuation technology units.