◆ Morning Briefing · Sep 25
Bonjour. Welcome to the Wall Street High Wealth Invest Channel.
Good morning.
【Key Takeaways】
After several consecutive days of Rally, the S&P 500 and Nasdaq have entered Consolidation, with the VIX at 15.7. Our stance today is: do not chase gains, maintain current positions, and wait for a better risk-reward ratio.
【Overnight Markets】
On the prior trading day, the three major U.S. stock indexes moved in different directions. The S&P 500 closed at 7,704.1, down 0.02%. The Nasdaq closed at 26,939.4, up 0.01%, accumulating a gain of 3.70% over the past week. The VIX was at 15.7, up 3.23% on the day, but down 11.52% over the past week. Asian markets diverged from U.S. equities: Hang Seng opened down 0.96%, and the Hang Seng Tech Index fell 0.99%. Korean, A-share, and Taiwan stock markets are closed today, and Hong Kong is shut from southbound/northbound trading. The DXY was 101.2, up 0.13%.
【Today’s Headlines】
The 10-Year Treasury Yield rose to 5.162%, up 4.8 basis points on the day, setting a new high since 2007. U.S. Treasury auctions of 20- to 30-year securities’ buybacks failed to reach the $6 billion cap. Japan’s 20-year JGB yield rose 4.0 basis points to 3.955%. Long-end rates lifting further from elevated levels is, in our view, the variable that deserves the most respect right now. The Fed maintains a Hawkish stance and does not yield to market sentiment—an approach that is responsible in terms of Inflation. We do not agree with the idea that a Rate Cut or a QE restart would prop up valuations. Any upside driven by liquidity will ultimately have to be paid back.
【Smart Money Moves】
· Rep. Pete Sessions: sold AAPL on 09-22, $100,001 - $250,000 (PTR, filed 09-22)
· Rep. Richard W. Allen: sold ROL on 08-12, $15,001 - $50,000 (PTR, filed 09-22)
Our interpretation: Both transactions are sells—one in AAPL and one in ROL. The amount ranges are limited, which looks more like personal account rebalancing rather than a directional view. It is not sufficient to infer an industry preference. A reminder: lawmakers’ reports can be delayed by up to 45 days, so these are delayed public filings; the reference value is higher than that of simply “following along.”
【Notable Movers】
· CYPH +13.9%: No public news is available to explain this move. A one-day spike without fundamental support usually is difficult to sustain. We will wait for confirmation from Volume and subsequent disclosures.
【Position Update】
The 10 positions previously made public have not yet hit their order prices. We will stick to the original plan and do not raise bids.
【Implications for Crypto】
BTC is trading at $84,419, up 0.01% over 24 hours—basically no clear direction. The 10-Year Treasury Yield rose 4.8 basis points to 5.162%, increasing the carrying cost of non-yielding assets; this is currently the most direct transmission to BTC. Until yields peak, we remain cautious on leveraged positions and do not add directionally.
【Stance for Today】
Risk appetite is slightly neutral. Hang Seng’s weakness and the rise in long-end yields put pressure on high-valuation assets, so cash and short-duration assets are relatively favored. We remain cautious about any new positions and will not increase Leverage. For existing Long positions, we use Stop Loss to hold the line and do not adjust the framework based on single-day fluctuations.
$BTC $XAU $XAG #BTC #Macro
Your private advisor on Wall Street.
Have a good day.
Bonjour. Welcome to the Wall Street High Wealth Invest Channel.
Good morning.
【Key Takeaways】
After several consecutive days of Rally, the S&P 500 and Nasdaq have entered Consolidation, with the VIX at 15.7. Our stance today is: do not chase gains, maintain current positions, and wait for a better risk-reward ratio.
【Overnight Markets】
On the prior trading day, the three major U.S. stock indexes moved in different directions. The S&P 500 closed at 7,704.1, down 0.02%. The Nasdaq closed at 26,939.4, up 0.01%, accumulating a gain of 3.70% over the past week. The VIX was at 15.7, up 3.23% on the day, but down 11.52% over the past week. Asian markets diverged from U.S. equities: Hang Seng opened down 0.96%, and the Hang Seng Tech Index fell 0.99%. Korean, A-share, and Taiwan stock markets are closed today, and Hong Kong is shut from southbound/northbound trading. The DXY was 101.2, up 0.13%.
【Today’s Headlines】
The 10-Year Treasury Yield rose to 5.162%, up 4.8 basis points on the day, setting a new high since 2007. U.S. Treasury auctions of 20- to 30-year securities’ buybacks failed to reach the $6 billion cap. Japan’s 20-year JGB yield rose 4.0 basis points to 3.955%. Long-end rates lifting further from elevated levels is, in our view, the variable that deserves the most respect right now. The Fed maintains a Hawkish stance and does not yield to market sentiment—an approach that is responsible in terms of Inflation. We do not agree with the idea that a Rate Cut or a QE restart would prop up valuations. Any upside driven by liquidity will ultimately have to be paid back.
【Smart Money Moves】
· Rep. Pete Sessions: sold AAPL on 09-22, $100,001 - $250,000 (PTR, filed 09-22)
· Rep. Richard W. Allen: sold ROL on 08-12, $15,001 - $50,000 (PTR, filed 09-22)
Our interpretation: Both transactions are sells—one in AAPL and one in ROL. The amount ranges are limited, which looks more like personal account rebalancing rather than a directional view. It is not sufficient to infer an industry preference. A reminder: lawmakers’ reports can be delayed by up to 45 days, so these are delayed public filings; the reference value is higher than that of simply “following along.”
【Notable Movers】
· CYPH +13.9%: No public news is available to explain this move. A one-day spike without fundamental support usually is difficult to sustain. We will wait for confirmation from Volume and subsequent disclosures.
【Position Update】
The 10 positions previously made public have not yet hit their order prices. We will stick to the original plan and do not raise bids.
【Implications for Crypto】
BTC is trading at $84,419, up 0.01% over 24 hours—basically no clear direction. The 10-Year Treasury Yield rose 4.8 basis points to 5.162%, increasing the carrying cost of non-yielding assets; this is currently the most direct transmission to BTC. Until yields peak, we remain cautious on leveraged positions and do not add directionally.
【Stance for Today】
Risk appetite is slightly neutral. Hang Seng’s weakness and the rise in long-end yields put pressure on high-valuation assets, so cash and short-duration assets are relatively favored. We remain cautious about any new positions and will not increase Leverage. For existing Long positions, we use Stop Loss to hold the line and do not adjust the framework based on single-day fluctuations.
$BTC $XAU $XAG #BTC #Macro
Your private advisor on Wall Street.
Have a good day.
