Germany’s DAX30 index, Britain’s FTSE 100 index, France’s CAC40 index, Italy’s FTSE MIB index and Europe’s Stoxx 600 index rose by 0.7%, 0.4%, 0.5%, 0.8% and 0.4% respectively. Spot gold continued to make a sharp counterattack today, with the highest rising to $2009.95/oz, which has recovered most of the decline on August 11. “Investors are still waiting for the second round of stimulus in the US,” said Naeem Aslam, chief market analyst at avatrade. A lot of money is waiting outside. Investors believe the stock market rally triggered by this coronavirus will be boosted again the moment we get the next stimulus. Otherwise, it is likely to remain dull. ” Mark Hackett, head of investment research at nationwide, said in a report. “The market lacks catalysts to help overcome technical resistance.” < / P > < p > the S & P 500 has the best 100 day trend in history, so there are optimistic assumptions about economic recovery and fiscal stimulus. These factors need unexpected news to drive the market up sharply. The S & P 500 has rebounded more than 50% from its bottom in March, thanks to the government’s massive fiscal stimulus measures and better corporate earnings than people have been worried about. The tech heavy Nasdaq composite index set a new closing record and intraday high in Monday’s trading, bringing it up 24% in 2020. < / P > < p > the market has been stuck in a narrow range as Congress is reluctant to break the deadlock and there is little hope of a new coronavirus stimulus package. And Republicans will hold their respective presidential nominations this week and next week. April Joyner, a Reuters strategist, pointed out that with the major stock indexes approaching historical highs, the 5-day moving average of the S & P 500 index’s P / C ratio (the ratio of the open positions of put and call options) will form an almost perfect double top or a new high, which seems to mean that the market may face instability soon. “. < p > < p > with the S & P 500 index breaking through February’s record closing high of 3386.15 on Tuesday, it rose to 3387.85, the 5-day moving average of P / C ratio. From the perspective of reverse investment, this implies that the market is too optimistic or complacent, and it is easy to reverse. < / P > < p > since the end of 2018, when the S & P 500 index reaches an important level, the reading of the index is often lower than 0.60. In fact, at the beginning of June this year, when the index fell to a 20-year low of 0.402, the S & P 500 index quickly fell more than 8% from its high in just five trading days. < p > < p > Joyner once again stressed his view: with the S & P 500 index successfully breaking through its February high, whether the next step of the index is to form a near perfect double top or a new high, the P / C index seems to mean that there may be a huge shock in the market soon. Strategists such as Michael Hartnett of Bank of America said that the survey of global fund managers in August showed that the current bullish sentiment of fund managers was the strongest since February 2020, but their positions did not reach the level of “extremely dangerous bullish”. On the whole, fund managers are more optimistic about the stock market and the economy. 46% of investors in the survey said “it’s a bull market,” up from 40% in July. Respondents believe that the long-term bull market is the main reason for the rise in stock prices, and there may be a short-term correction in the future. Of the 181 respondents with $50 trillion in assets under management, 79% expected the economy to be stronger, the highest percentage since December 2009. Bank of America maintained Apple’s “neutral” rating and a target price of $470, saying the slowdown in Apple’s physical store sales growth in China was a worrying sign. < p > < p > JD rose 1.85% in the previous trading session, and benchmark, an investment bank, raised the target price of JD from $66 to $76. Citigroup raised its target price of JD from $78 to $81. < p > < p > Baidu aiqicha was officially launched. Aiqicha is an enterprise information query tool from Baidu, which aims to provide users with free and fast one-stop enterprise information query service.