#数字资产生态回暖 The S&P 500 is once again attempting to break its all-time high. Recently, this index has been performing quite solidly, with hot sectors like technology, AI concepts, and semiconductors taking turns to lead the charge, almost without letting the market stumble.

The most interesting change is that the market's attitude towards the Federal Reserve has shifted. Previously, everyone was worried about interest rate hikes, but now the sentiment has clearly turned—investors are beginning to expect rate cuts, and some even think they could come sooner than expected. Economic data on consumption also looks promising, and corporate earnings reports have basically steadied the ship, which continues to funnel funds into U.S. stocks.

As for the future direction, it still depends on two key factors: first, whether inflation can continue to decline; second, how Federal Reserve officials will communicate. If inflation really keeps falling back, the Fed is likely to adopt a more dovish stance, and risk assets like @BTC@ can also catch a breath and potentially rise further. But don't forget the two uncertainties: geopolitical situations and employment data, which could cause sudden volatility at any time.

Right now, the market is watching this week’s macroeconomic data and Fed speeches, as these indicators will directly influence whether the S&P 500 can kick off a new rally. The overall market sentiment is pretty much pointing in this direction.