Good days haven't come yet, let's endure some tough days first.

1、The Fed's Rmp bond purchase expansion is a good thing, but it takes time for reserves to rise above 3 trillion, about one or two months.
2、Oracle's earnings report is disappointing, and market concerns are increasing, especially regarding AI expenditure;
3、Next week's data and events are numerous: November non-farm payrolls and inflation data, Senate votes on the Affordable Care Act subsidies, Japan's rate hike, all causing volatility;
4、The dot plot's single rate cut next time has little impact, the future depends on the new Chair. The new Chair is expected to be announced around Christmas or late, early next year, when the market will trade and speculate on future rate cut expectations;
5、The new SLR unbinding regulation will take effect in early April next year, with some banks starting to switch to the new rules in the first quarter, which can slowly push down long-term bond yields.
Rmp buys short-term bonds to replenish liquidity. SLR unbinding to lower long-term bond yields. But by that time, some time is still needed #十二月行情展望