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Is the U.S. Treasury auction triggering a disaster of 'triple kill' in stocks, bonds, and currencies? Wall Street is afraid of much more than just this!
① For Wall Street, this Wednesday undoubtedly faced another "triple kill" trading day of stocks, bonds, and currencies; ② and amid the cries of significant losses, U.S. Treasuries undoubtedly became the "eye of the storm" in the entire financial market...
By a narrow margin, the Trump tax cut bill barely passed in the House of Representatives.
After an all-night effort by Republicans to push the bill through, it was finally passed with a vote of 215 in favor and 214 against.
Trump is expanding the deficit, and the pressure on the dollar is greater than that on US bonds.
Deutsche Bank pointed out that under the risk of U.S. Treasury, U.S. bonds can hold up, but the dollar cannot. The reason is that overseas funds are flowing out of U.S. bonds, which, along with rising U.S. bond yields, can attract domestic Institutions to take over, providing some support for U.S. bonds. However, the dollar still faces the risk of devaluation because domestic Institutions lack sufficient overseas Assets to offset the demand gap for dollars caused by foreign capital withdrawal.
US stock market preview | Bitcoin has first broken through $0.111 million! Cryptos concept stocks collectively rose in pre-market trading, MARA increased nearly 4%, Coinbase rose over 2%; Nawei Semiconductor surged nearly 180%.
As the Senate pushes forward key pro-Cryptos legislation and Bitcoin prices soar, Trump has invited the top 220 investors from his Cryptos project to dinner at his golf club in Northern Virginia, which seems to be a victory for the Industry that has long sought mainstream recognition.
The U.S. Commerce Secretary: The "Trump Gold Card" will soon be on sale, and the related website will be launched within a week.
① U.S. Secretary of Commerce Gina Raimondo stated that the "Trump Gold Card" website is expected to be launched within a week, allowing foreign wealthy individuals to obtain permanent residency in the U.S. for a payment of 5 million dollars; ② Raimondo claimed that the Gold Card program could help repay the U.S. federal debt, but immigration law experts warned of its questionable legal feasibility.
Concerning tariffs! A White House official publicly admitted for the first time: Trump is afraid.
① U.S. Secretary of Commerce Howard Gutman stated on Wednesday that President Trump is "worried" about the impact of the tariffs imposed on China in April on American businesses; ② Notably, this is the first time that senior White House officials have publicly acknowledged that Trump fears the impact of the tariffs.