Strategist: The scenario during the COVID-19 pandemic seems to be repeating

ChainCatcher News: The U.S. stock market fell again on Monday, with the Dow Jones down 2.48%, the S&P 500 down 2.36%, and the Nasdaq down 2.55%. The main reason for the sharp decline in U.S. stocks is President Trump intensifying his attacks on Federal Reserve Chairman Jerome Powell, raising questions about the independence of the Federal Reserve. Meanwhile, traders saw little sign of progress in global trade negotiations.

As threats escalate, the dollar is also under pressure, hitting a three-year low. At the same time, gold prices soared to a record high of over $3,400 per ounce. Michael Green, Chief Strategist at Simplify Asset Management, pointed out, "What is becoming increasingly clear is the deep-seated conflict between the Federal Reserve and the U.S. government. We are essentially replaying the scenario from the COVID-19 pandemic, and this uncertainty has substantially disrupted trade… Most people expect some form of stimulus measures to be introduced to offset the impact of tariffs."