The U.S. stock market style switch is obvious, QDII funds ride the "roller coaster"

Recently, under the accumulation of multiple uncertainties such as the US election, interest rate expectations, and financial performance, the US stock market has been fluctuating at high levels, and related QDII funds have also experienced significant volatility. Wind data shows that since the release of US CPI data on July 11th, the US stock market has started to fluctuate, with the Nasdaq index retreating by more than 5% from its high point at one point, and the maximum retracement of the S&P 500 index and the Dow Jones Industrial Average also reaching 3%. Leading technology stocks have also experienced a noticeable decline. However, at the same time, the Russell 2000 index representing small and medium-sized stocks in the US has rebounded by nearly 10% recently, showing the characteristic of "selling high in large caps, buying low in small caps" in the US stock market. Some fund companies expressed optimism in interviews about interest rate-sensitive assets under interest rate cuts, but some fund companies warned investors to pay attention to whether the Fed's interest rate cut decision is accompanied by a weakening of economic data and to be vigilant against stagflation risks. (Securities Times)