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According to the hexagram of the US stock market in 2022, between 2022.12.7-2023.1.7 in the Chinese calendar, the US stock market will usher in a sharp drop, and the Dow Jones index will fall from the current 33,596 points to 29,000 points, or even fall below this point .The corresponding S&P 500 index and Nasdaq index will all fall at the same time.

Peripheral gold prices rose, benefiting from a fall in the US dollar. Markets will focus on U.S. inflation data and the Federal Reserve's interest rate meeting next week. Gold futures for February delivery in New York closed at $1,801.5 an ounce, up $3.5, or 0.19%. Spot gold is around $1788.

[US stock ETF trading strategy on December 7]
The U.S. dollar index is oversold and rebounding. The short-term is just emotional fluctuations. Before the medium-term short-term trend does not change, maintain the idea of ​​short-selling on rallies, and wait for the direction to choose after the Fed's interest rate decision next week...

Professionals are exceptionally cautious, with most expecting the S&P to end 2023 below its current level.

These strategists' forecasts come with hundreds of pages of research and analysis. The overall theme: Most Wall Street firms expect the U.S. economy to slip into a recession sometime in 2023. Many see more room for downward revisions to 2023 earnings forecasts, and some believe these downward revisions mean a lot of stock market volatility in early 2023. At the same time, many also expect a clear decline in inflation, which would give the Fed reason to ease its hawkish monetary policy stance. At least some strategists believe the Fed could even resume cutting rates if economic conditions deteriorate significantly.