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...
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.
Why doesn't the market favor the tax cut bill? Deutsche Bank: It will add 5 trillion in debt, "Trump has hardly been serious about controlling the deficit."
Trump's tax reform proposal will lead to a significant increase in the recent fiscal deficit, adding approximately $5 trillion in debt to the United States over the next decade, even considering the tax deferral measures, it will be difficult to offset this trend.
U.S. Treasury bonds plummeted, and the dollar also fell. Deutsche Bank warns: even quantitative easing from the Federal Reserve won't save this time!
Deutsche Bank stated that the Federal Reserve's QE intervention is only a temporary solution, and there are only two "options" to address this issue: either Congress takes fiscal tightening actions or allows US debt to depreciate. Furthermore, Deutsche Bank noted that the resilience of the US stock market will also be tested, and the behavior of Asian investors will become a key indicator, highlighting the need to closely monitor the trends of US bonds and the dollar during the Asian Trade session.