☀️ Morning News Update · September 22
In the prior trading session, all three major U.S. stock indexes closed higher together. The S&P 500 rose 1.49% to 7,764.7, the Nasdaq added 2.26% to 27,122.1. The Nasdaq has climbed 3.57% over the past week, with technology stocks clearly leading. This morning, Asian trading is similarly warm. Hong Kong’s Hang Seng index opened up 0.51% and the Hang Seng Tech index opened up 1.01%; in mainland China, the AI PC sector opened higher, with China Great Wall hitting the daily limit. Risk appetite is moving in the same direction as the U.S. market. The VIX is at 14.9, down 13.04% over the past week, suggesting relatively optimistic sentiment. The central bank today conducted a 35 billion yuan 7-day reverse repo at an interest rate of 1.40%; liquidity is staying steady. Today, risk appetite is likely to continue slightly upward. Technology-related assets such as chips and AI hardware may remain in the lead, while weakness in crude oil and chemical-related areas should be watched.
Overnight surprises:
ARM +16.2% 09-21 ARM set a 2.0 billion USD revenue target (Insider Monkey)
AXTI +15.3% 09-21 AXT was added to the S&P 600 index (Insider Monkey)
As for the 5 price levels mentioned earlier—none of them has been reached. I’ll keep the orders pending.
The clearest signal for risk appetite is this: Nasdaq +2.26% on the day, +3.57% over the past week; the VIX has fallen to 14.9, and money is flowing into higher-beta assets. But BTC is trading at 85,678 USD and is down 1.09% over the past 24 hours—it hasn’t kept up with this move. ETH is also weak at -1.01%. The U.S. dollar index is only up 0.19% to 100.4, and the 10-year U.S. Treasury yield is down 3.5 basis points, so liquidity hasn’t shown stress. Therefore, this looks like risk appetite improving while crypto is temporarily lagging—don’t rush to chase gains and lever up just because it might catch up.
$BTC $XAU $XAG #BTC #Macro
Ahead of the open, are you more focused on the direction of interest rates, or whether the overnight momentum will continue?
I’m doing U.S. stocks for 3 years—only came after Binance could do U.S. stocks. Send two updates every morning and evening; you can keep an eye on them.
In the prior trading session, all three major U.S. stock indexes closed higher together. The S&P 500 rose 1.49% to 7,764.7, the Nasdaq added 2.26% to 27,122.1. The Nasdaq has climbed 3.57% over the past week, with technology stocks clearly leading. This morning, Asian trading is similarly warm. Hong Kong’s Hang Seng index opened up 0.51% and the Hang Seng Tech index opened up 1.01%; in mainland China, the AI PC sector opened higher, with China Great Wall hitting the daily limit. Risk appetite is moving in the same direction as the U.S. market. The VIX is at 14.9, down 13.04% over the past week, suggesting relatively optimistic sentiment. The central bank today conducted a 35 billion yuan 7-day reverse repo at an interest rate of 1.40%; liquidity is staying steady. Today, risk appetite is likely to continue slightly upward. Technology-related assets such as chips and AI hardware may remain in the lead, while weakness in crude oil and chemical-related areas should be watched.
Overnight surprises:
ARM +16.2% 09-21 ARM set a 2.0 billion USD revenue target (Insider Monkey)
AXTI +15.3% 09-21 AXT was added to the S&P 600 index (Insider Monkey)
As for the 5 price levels mentioned earlier—none of them has been reached. I’ll keep the orders pending.
The clearest signal for risk appetite is this: Nasdaq +2.26% on the day, +3.57% over the past week; the VIX has fallen to 14.9, and money is flowing into higher-beta assets. But BTC is trading at 85,678 USD and is down 1.09% over the past 24 hours—it hasn’t kept up with this move. ETH is also weak at -1.01%. The U.S. dollar index is only up 0.19% to 100.4, and the 10-year U.S. Treasury yield is down 3.5 basis points, so liquidity hasn’t shown stress. Therefore, this looks like risk appetite improving while crypto is temporarily lagging—don’t rush to chase gains and lever up just because it might catch up.
$BTC $XAU $XAG #BTC #Macro
Ahead of the open, are you more focused on the direction of interest rates, or whether the overnight momentum will continue?
I’m doing U.S. stocks for 3 years—only came after Binance could do U.S. stocks. Send two updates every morning and evening; you can keep an eye on them.
