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CEX Institutional Research Director: The market outlook will be clearer in September.
[CEX Institutional Research Head: The Market Outlook Will Be Clearer in September] CEX Institutional Research Head David Duong tweeted that the Jackson Hole meeting and Producer Price Index (PPI) data are merely excuses for market participants to lower risks ahead of the U.S. Treasury's large-scale general account (TGA) fund recovery (about $400 billion) in the coming weeks. This also explains why Bitcoin has lost its pump alongside many stocks. However, we believe that the outlook for September looks much clearer.