10月10日行情解读：降息预期降温下，AI内循环隐忧与震荡矛盾凸显

Group 1 - The U.S. stock market is experiencing a comprehensive adjustment, with all four major indices declining, indicating simultaneous pressure on both safe-haven and risk assets [1] - International gold prices have fallen below $4000 per ounce, while the U.S. dollar index has rebounded, and U.S. Treasury yields have risen, suggesting a subtle cooling of the market's expectations for interest rate cuts by the Federal Reserve [1] - The current government shutdown in the U.S. has led to a lack of key economic data, shifting market attention towards the earnings season [1] Group 2 - Despite strong earnings reports from Micron and TSMC, their stock prices did not respond as positively as expected, indicating a decreased sensitivity to positive earnings news in the market [1] - The market may require a "super surprise," such as significant investment announcements, to effectively boost market sentiment [1] - The technology sector's current momentum heavily relies on the internal circulation of the AI industry chain, where inter-company investments create a seemingly collaborative effect, but this could lead to systemic risks if any part of the chain falters [1] Group 3 - The S&P 500 index recently reached a new high, but has been oscillating within a narrow range of 6700-6750 points for over six trading days, reflecting a divergence between the index's strength and declining trading volume [2] - This situation indicates increasing divergence between bullish and bearish sentiments in the market, suggesting that a clearer catalyst is needed for future directional choices [2]