What does Treasury Secretary Yellen mean by US taxation, interest rates, and US debt?
Analysis shows that, in terms of tax policies, attention is focused on Bezent's testimony at the hearing; Bezent's remarks have little impact on interest rates, the key is how much the White House can leverage Bezent's reputation to prevent bond market fluctuations, Bezent may use 'unconventional' measures regarding the US debt ceiling issue. In addition, he will also play an important role in cryptocurrency regulation.
In the past 24 hours, three major events are currently detonating the global market!
In the past 24 hours, investors in various fields including the stock market, bond market, foreign exchange market, and csi commodity equity index market have identified key “themes” affecting their respective markets. And behind all these market trends, it can actually be attributed to three major events.
US stocks closed: The Dow Jones rose nearly 1% to a new high, while nvidia and Tesla fell sharply against the trend.
① The nasdaq china golden dragon index rose by 0.44%; ② bitcoin fell back, microstrategy dropped more than 4%; ③ international oil prices plummeted, conocophillips fell by 5%; ④ California plans to introduce electric autos purchase subsidies, with Tesla being excluded.
Great Wall Securities: patiently waiting for the end of inflation trade, usd index and US bond yields may remain strong.
In the short term, it is recommended to continue focusing on the large cap indices such as the Dow Jones Industrial Average and Nasdaq 100, as well as the more elastic Russell 2000 pure value. Gold prices may experience short-term fluctuations at high levels, supported by risk aversion sentiment.
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