Oil falls below $100, US stocks rise again premarket โ global risk appetite continues to heat up
๐ Uncleโs Late-Night Chat | 10.6 (Tuesday)
โโโโโโโโโโโโโโโโโโ
๐ช BTC around 85,500, ETH around 2,700.
After retreating from above 87K, BTC is consolidating around 85โ86K. The 85K level is an important near-term level to watch.
๐ญ๐ฐ Hong Kong stocks rise for a second straight day:
The Hang Seng Index gained 1.00% to 24,280, moving back above 24,000.
๐ Mixed performance across Asia-Pacific:
The Nikkei gained 1.05% to close at 70,683, moving above 70,000; South Koreaโs KOSPI fell 0.89%.
๐บ๐ธ US stocks continue to rise premarket:
Nasdaq futures are up around 0.6%, and Nvidiaโs market cap is nearing $5.8 trillion. Oil has fallen back below $100, while US Treasury yields have retreated from their highs.
โก Uncleโs take:
A surprisingly weak jobs report โ cooling rate-hike expectations โ falling oil prices โ easing Treasury yields โ less pressure on tech stock valuations.
Global risk-on sentiment is still building.
But the most important thing to watch next isnโt oil prices alone. Itโs whether oil can stay below $100 and whether Treasury yields can continue to fall.
โโโโโโโโโโโโโโโโโโ
$BTC $ETH $NVDAB #Oil #stockmarket
๐ Uncleโs Late-Night Chat | 10.6 (Tuesday)
โโโโโโโโโโโโโโโโโโ
๐ช BTC around 85,500, ETH around 2,700.
After retreating from above 87K, BTC is consolidating around 85โ86K. The 85K level is an important near-term level to watch.
๐ญ๐ฐ Hong Kong stocks rise for a second straight day:
The Hang Seng Index gained 1.00% to 24,280, moving back above 24,000.
๐ Mixed performance across Asia-Pacific:
The Nikkei gained 1.05% to close at 70,683, moving above 70,000; South Koreaโs KOSPI fell 0.89%.
๐บ๐ธ US stocks continue to rise premarket:
Nasdaq futures are up around 0.6%, and Nvidiaโs market cap is nearing $5.8 trillion. Oil has fallen back below $100, while US Treasury yields have retreated from their highs.
โก Uncleโs take:
A surprisingly weak jobs report โ cooling rate-hike expectations โ falling oil prices โ easing Treasury yields โ less pressure on tech stock valuations.
Global risk-on sentiment is still building.
But the most important thing to watch next isnโt oil prices alone. Itโs whether oil can stay below $100 and whether Treasury yields can continue to fall.
โโโโโโโโโโโโโโโโโโ
$BTC $ETH $NVDAB #Oil #stockmarket
