🚨 US PMI SURGES STRONGLY — THE MARKET IS RED-HOT AGAIN
The U.S. September PMI Composite rose to 58.4, its highest level in more than 5 years, indicating that business activity and new demand remain fairly strong.
Hotter-than-expected economic data has made the market worry the Fed will have to keep interest rates high for longer. The 10-year Treasury yield has reached its highest level since 2007, while oil jumped nearly 4% amid heightened U.S.–Iran tensions.
As a result, U.S. stocks fell, especially in the technology and semiconductor sectors. BTC also came under pressure as yields and oil prices both climbed.
Personal view:
The market is currently squeezed between two factors: the U.S. economy is still strong, but that very strength makes expectations for rate cuts harder.
For BTC and gold, I will pay particular attention to the 10Y yield + oil price + Fed rate-cut expectations. If yields continue to trend higher, risk assets will face further pressure.
In addition, the Trump – Xi meeting in Washington is another notable wildcard for trade, AI, and geopolitical issues.
👇 HOT COINS TRADING HERE 👇
$SAGA
$MET
$NIL
The U.S. September PMI Composite rose to 58.4, its highest level in more than 5 years, indicating that business activity and new demand remain fairly strong.
Hotter-than-expected economic data has made the market worry the Fed will have to keep interest rates high for longer. The 10-year Treasury yield has reached its highest level since 2007, while oil jumped nearly 4% amid heightened U.S.–Iran tensions.
As a result, U.S. stocks fell, especially in the technology and semiconductor sectors. BTC also came under pressure as yields and oil prices both climbed.
Personal view:
The market is currently squeezed between two factors: the U.S. economy is still strong, but that very strength makes expectations for rate cuts harder.
For BTC and gold, I will pay particular attention to the 10Y yield + oil price + Fed rate-cut expectations. If yields continue to trend higher, risk assets will face further pressure.
In addition, the Trump – Xi meeting in Washington is another notable wildcard for trade, AI, and geopolitical issues.
👇 HOT COINS TRADING HERE 👇
$SAGA
$MET
$NIL
