US Stocks | Morning Express | September 23

【Last Night’s Close】
On Monday, US stocks saw a narrow-range consolidation at high levels. The VIX volatility index closed at 14.34, down 3.56% on the day. Both bulls and bears stayed put; overall market sentiment remained steady—no obvious fear and no excitement.

【Futures Before the Open】
Trading was quiet before the open. Index futures were roughly flat at the start, and the market is waiting for more catalysts tonight to guide direction.

【Major Schedule Tonight】
- Remarks by multiple Federal Reserve officials (the final window before the FOMC blackout period)
- September Markit PMI initial readings for manufacturing/services
- Earnings: multiple retail and consumer companies reported before the open

【Stocks Worth Watching】
- Nvidia / Apple / Microsoft: the three tech leaders have recently continued to be watched/held by funds
- Tesla / MSTR: ongoing close linkage with Bitcoin prices
- Coinbase (COIN): a direct beneficiary in US-listed crypto exposure

IBIT Performance】
Yesterday, the spot Bitcoin ETF IBIT tracked Bitcoin’s narrow consolidation, with no obvious changes in fund flows.

【Crypto Rhythm Forecast for Tonight】
Bitcoin (BTC) is currently $85,644 (24h -0.35%); Ethereum (ETH) $2,728 (-0.46%); SOL $117 (-0.15%); BNB $783 (-0.48%). Major coins are collectively slightly pulling back, but the declines are controllable. Overall, they are still operating within a high-level range box. With the US VIX staying low, crypto tonight is likely to remain in a narrow consolidation pattern, lacking a directional catalyst.

💡 Beginner’s Primer: The VIX is called the “fear index.” Usually, a reading above 30 is considered a real entry into a fear zone. At 14.34 now, it’s in a “peaceful times” range, indicating the market’s expectation for volatility over the next 30 days is extremely low—often corresponding to a window where risk assets are favored.

$BTC $IBIT