1. Let’s first review the “Credit Suisse incident”
The negative news for Credit Suisse does not stem from the Fed's expectations of how much to raise interest rates based on CPI data, but from the fact that Credit Suisse had previously made a difficult decision to restructure on a large scale after two consecutive years of losses and expected to suffer serious losses again this year. However, a series of crises, including the "significant defects" in its 2022 annual report and the bankruptcy of Silicon Valley Bank in the United States, have caused Credit Suisse's stock price to fall rapidly.
2. The reason for Credit Suisse's collapse was that there were internal problems that led to PwC's "negative" opinion. As the saying goes, "the ice is three feet thick, and it didn't freeze overnight." The lack of internal supervision is the root of the problem, and the major shareholder has made it clear on March 15 that it will not invest again. Ammar Abdul Wahed Al Khudairy, chairman of Saudi National Bank, said in an interview with the media during a financial industry conference that he would "absolutely" not provide more assistance to Credit Suisse. He also said that he would never provide Credit Suisse with further liquidity support.
3. Credit Suisse has pleaded with the Swiss National Bank to show its willingness to lend a hand. However, earlier on Bloomberg TV, when asked whether the Swiss National Bank was willing to provide capital to Credit Suisse if additional liquidity was needed, Swiss National Bank President Ammar Alkhudairy said, "The answer is absolutely not, in addition to the two simple reasons of regulation and legality, there are many other reasons."
4. The good thing is that Credit Suisse has pleaded with the Swiss National Bank to show its willingness to lend a hand. However, earlier on Bloomberg TV, when asked whether the Swiss National Bank would be willing to provide capital to Credit Suisse if additional liquidity was needed, Swiss National Bank President Ammar Alkhudairy said, "The answer is absolutely not, in addition to the two simple reasons of regulation and legality, there are many other reasons."
The above is a brief account of the Credit Suisse incident.
Next, let me talk about my opinions and views
1. The root cause of the Credit Suisse incident is the bond market. As the US dollar continues to raise interest rates, the bond market crisis breaks out
2. After the bond market crisis, safe-haven assets are the choice for capital flight. Whether this digital asset is a safe-haven asset requires the market to give a consistent answer. If it is, then there is a lot to look forward to in the future.
3. Judging from the market trend, #BTC was not affected by the "Credit Suisse incident" and is moving along its own route.
Affected by the Xigu Bank incident a few days ago, the stock price quickly rebounded to the previous high after technically stepping on the daily level MA120/200.
4/A point I have always advocated: any news must be reflected on the market.
Now, considering the impact of the "Xigu Bank" incident, the CPI in line with expectations, and the "Credit Suisse Bank" incident, let's look at the market trend. Strong, it's just such a simple word.
Therefore, pay less attention to the news and distractions, and focus on the market trend. It is the right thing to do your own analysis to cope with the unpredictable market. This will eliminate many distractions and allow you to face the current market more rationally.......
Finally, I would like to remind you: Don’t forget your original intention of coming to this market.