☀️ Morning Report · September 20
On the previous trading day, the S&P 500 closed at 7,650.5, up 0.17%; the Nasdaq closed at 26,522.5, up 0.39%. The tech segment was slightly stronger. This morning in Asia, there’s no synchronized data yet. A-share sentiment will most likely continue its own rhythm and may not necessarily follow the upside. The VIX fell to 14.8, down 4.08% on the day, indicating that demand for hedging is receding. The domestic central bank conducted a 7-day reverse repo of 32 billion yuan at an unchanged rate of 1.40%, keeping liquidity neutral. The aftereffects of the Fed/Wash (World) first rate hike are still being digested, and tighter conditions on the dollar side remain a drag on risk assets. Today, risk appetite will most likely rebound slightly, but with limited upside. Computing power and technology-related sectors may perform relatively better; chasing gains should be done cautiously.
Overnight, there were no assets that moved more than 10% up or down, so the market was calm.
None of the five price levels mentioned earlier were hit; they’re still pending, waiting.
The U.S. Dollar Index rose 1.11% over the past week, and the 10-year U.S. Treasury yield climbed to 4.998% (+5.1 bps). The holding cost of non-interest-bearing assets is rising—this is the line weighing on BTC. BTC is currently at $81,156, down 0.12% over 24 hours—basically unchanged. The Nasdaq’s 0.39% gain also didn’t lift crypto. The transmission of improving risk appetite into crypto appears to be broken. Don’t assume BTC will be strong just because U.S. stocks are strong—keep leverage under control first.
$BTC $XAU $XAG #BTC #Macro
Before the open, are you more focused on the direction of interest rates, or on whether overnight moves can continue?
I’ve been doing U.S. stocks for 3 years—came here only after Binance could do U.S. stocks. Two reports each day, morning and evening; you can check them out.
On the previous trading day, the S&P 500 closed at 7,650.5, up 0.17%; the Nasdaq closed at 26,522.5, up 0.39%. The tech segment was slightly stronger. This morning in Asia, there’s no synchronized data yet. A-share sentiment will most likely continue its own rhythm and may not necessarily follow the upside. The VIX fell to 14.8, down 4.08% on the day, indicating that demand for hedging is receding. The domestic central bank conducted a 7-day reverse repo of 32 billion yuan at an unchanged rate of 1.40%, keeping liquidity neutral. The aftereffects of the Fed/Wash (World) first rate hike are still being digested, and tighter conditions on the dollar side remain a drag on risk assets. Today, risk appetite will most likely rebound slightly, but with limited upside. Computing power and technology-related sectors may perform relatively better; chasing gains should be done cautiously.
Overnight, there were no assets that moved more than 10% up or down, so the market was calm.
None of the five price levels mentioned earlier were hit; they’re still pending, waiting.
The U.S. Dollar Index rose 1.11% over the past week, and the 10-year U.S. Treasury yield climbed to 4.998% (+5.1 bps). The holding cost of non-interest-bearing assets is rising—this is the line weighing on BTC. BTC is currently at $81,156, down 0.12% over 24 hours—basically unchanged. The Nasdaq’s 0.39% gain also didn’t lift crypto. The transmission of improving risk appetite into crypto appears to be broken. Don’t assume BTC will be strong just because U.S. stocks are strong—keep leverage under control first.
$BTC $XAU $XAG #BTC #Macro
Before the open, are you more focused on the direction of interest rates, or on whether overnight moves can continue?
I’ve been doing U.S. stocks for 3 years—came here only after Binance could do U.S. stocks. Two reports each day, morning and evening; you can check them out.
