The Fed'S Interest Rate Rises Are Uncertain. Global Stock Markets Are Deeply Worried.

Global stock market bear, who is the main factor to drag the global stock market? Many investors may think of the recent continuous fermentation of the Volkswagen exhaust valve.

However, the Volkswagen exhaust door is just a "black swan event".

Yao Zheng, director of the Faculty of management and accounting and financial management department of Zhejiang University, believes that the Fed's interest rate rise is the main reason for the adjustment of the US stock market, and the European stock market, driven by loose monetary policy, is also hard to flaunt when the economy is still not optimistic.

"Although there was no increase in interest rates in September, the Fed's chances of raising interest rates by the end of the year are still great."

Yao Zheng said.

The bull market that has lasted for 6 years in the US is driven by a round of quantitative easing monetary policy. The bubble of this capital driven bull market is obvious compared with the pace of economic recovery.

The imminent increase in interest rates means the end of quantitative easing monetary policy, and the stock market bubble will gradually burst.

On Thursday, Federal Reserve Chairman Yellen said, "as the labour market improves further and the inflation rate returns to 2%, I expect to raise the target area of the federal funds rate later this year and continue to raise short-term interest rates gradually after that."

She thought,

The most important thing is not the first time to raise interest rates, but the entire interest rate path.

The recent economic and financial situation will seriously affect the Fed's policy path, so although Yellen is expected to raise interest rates later this year, it will "raise the interest rate in a very gradual pace in the next few years".

Zhejiang Merchants Securities senior investment advisor

The recent decline in the external stock market is a factor in the decline of A shares, because investors are unstable in the weak market, but this is not the key factor.

The risk aversion before the National Day holiday resulted in more sales and less buying, which is a major factor in the adjustment of A shares. The government's computer operating system is ready to open up rumors to Win10, making the previous rebounding leading information software, Internet, electronic components and other sectors plummeted yesterday.

A share market is still in the bottom of the shock, the main reason is experience.

After that, market confidence has not yet been restored.

Yesterday, the collapse of A shares, Li Qing, a financial expert and a consultant from Shenyuan Hongyuan securities investment company, said that the rumors were mainly about IPO's upcoming restart.

However, yesterday afternoon, relevant people of China Securities Association had carried out a rumor and said they were investigating the source of the rumor.

"In addition, the National Day holiday is approaching, there are uncertainties in the external market, and the risk aversion of the market has heated up, and some of the funds have fled, which is also a reason for the stock market to fall."