调整还要多久？

Market Overview - The market index has recently declined from a projected 3900 to around 3800, primarily due to external macroeconomic disturbances and a lack of strong market logic, leading to reduced buying enthusiasm [1] - The current market shows a weak short-term technical pattern with bearish moving averages and broken support levels, indicating a potentially prolonged adjustment period [1] - Historical comparisons suggest that the current market behavior resembles the rapid rise and subsequent long adjustment seen in early 2021 [2] Key Events - Google's Gemini 3 model launch has significantly boosted its market value, surpassing $4 trillion, while simultaneously causing a decline in Nvidia's stock, indicating a shift from a complementary to a competitive relationship between the two companies [4][6] - The Federal Reserve's latest economic report indicates a stagnating U.S. economy, with softening consumer spending and internal divisions regarding future interest rate decisions, which may lead to further rate cuts, positively impacting capital markets [7] - The ongoing Russia-Ukraine conflict may be approaching a resolution, with potential implications for global commodity prices and inflation, as well as a forecasted increase in global GDP growth if peace is achieved [8]