☀️ Morning News · Sep 23

In the previous trading day, the three major U.S. stock indexes moved mixed. The S&P 500 closed basically flat. The Nasdaq rose 0.45%, up nearly 5% over the past week. During the session, the Nasdaq 100’s intraday gain widened to as much as 0.6%, nearing its all-time closing high. This morning in Asia, domestic futures are mostly down rather than up: SC crude oil and ethylene glycol both fell by more than 3%. Overall, energy and chemical sectors are relatively weak, clearly diverging from the technology strength seen in U.S. equities. The VIX dropped to 14.2, down 4.44% on the day, and down more than 17% over the past week—sentiment remains somewhat optimistic. The Iran-U.S. talks released positive signals. Federal Reserve officials said they are still watching whether more rate hikes are needed. Today, risk appetite will most likely stay slightly upward: tech stocks remain relatively dominant, but the energy-chemical chain may continue to face pressure.

Overnight surge:

CYPH up 19.7% (No public news to explain this move yet)
IONQ up 11.7% 09-22 IONQ research shows engineering load improvement (Zacks)

Previously mentioned: 9 price levels hit at 1 point
WDC short 462.164 has been triggered (set up 3 days ago), +0.31% (17x → +5%)

The Nasdaq is up nearly 5% over the past week and the VIX is down to 14.2, so the line on risk appetite is open. But BTC only rose 0.59% to 86,715, clearly not keeping up with this tech rally’s momentum. The U.S. Dollar Index is up 0.91% over the past week, and the 10-year Treasury yield has risen to 4.968% (+0.5 bps). The cost of holding non-yielding assets is still climbing—this is likely why BTC couldn’t amplify the upside. Don’t expect it to replicate the Nasdaq’s slope in the short term; leave some room with leverage.

$BTC $XAU $XAG #BTC #Macro
Before the open, are you more focused on the direction of interest rates, or whether the overnight volatility will continue?

I’m doing U.S. stocks for 3 years—because Binance can do U.S. stocks, I came. Two reports every morning and evening—take a look.