Global Market Dynamics on October 6: Inflation Concerns + Government Credit Worries + Liquidity Redistribution Phase!
1. Gold accelerated its rise, up 1.74% for the day, currently priced at $3963 per ounce.
2. International crude oil prices rose 1.68% for the day, priced at $65.57 per barrel.
3. Prices of U.S. Treasury bonds for 1 year, 10 years, and 30 years accelerated upward, with the 10-year and 30-year bonds rising 0.95% for the day.
4. The U.S. dollar index rose 0.4% for the day, currently around 98.
5. The NASDAQ, S&P, and Russell indices rose, while the Dow Jones index fell.
6. The VIX index is at 16.36%, down 1.68% for the day.
Daily Assessment:
From the current dynamics of global assets, aside from crude oil prices fluctuating due to geopolitical changes, other data show the current market's uncertainty.
First, inflation concerns have increased demand for long-term bond yields, contributing to the rise in U.S. long-term bond yields.
Second, due to the government shutdown, U.S. government credit has been damaged, leading to increased safe-haven demand for gold, which also caused a sell-off in U.S. bonds, further pushing up bond yields.
The rise in the U.S. dollar index is partly due to the new Japanese Prime Minister's policy direction putting pressure on the yen, indirectly pushing up the dollar. On the other hand, the sell-off of U.S. bonds has been converted into dollars, leading to an increase in the dollar index.
Therefore, the current market is trading on multiple factors, causing both risk assets and safe-haven assets to rise simultaneously, with optimism coexisting with concerns. The focus now should be on which direction macro sentiment will lead, as this divergent situation will not last long.
Market data for October 6: How has the market changed compared to last Tuesday, a week later? There has been a significant inflow of funds!
1. Market capitalization has risen significantly, with an increase of nearly 450 billion over the week. In terms of market share, #Bitcoin's share has decreased, while #ETH and altcoins have increased. Currently, market risk appetite is optimistic in the short term.
2. Trading volume has increased compared to last Tuesday, and market trading sentiment is more active than last week.
3. The amount of funds retained in the market has increased by 7 billion over the week, totaling 308.2 billion.
4. USDT: According to official data, the market capitalization is 176.94 billion, an increase of 2.254 billion compared to last week, with significant inflows from Asia within a week.
5. USDC: Data from the website shows an increase of 1.784 billion in market capitalization, with significant inflows from the US region as well.
Daily assessment:
A week later, the market has changed significantly, with a substantial increase in market capitalization and an improvement in market risk appetite, especially for altcoins, which have unexpectedly "expanded" again. Although it is not a comprehensive rise, the market capitalization has surpassed one trillion, which is certainly related to the introduction of more new tokens.
Of course, aside from the increase in market capitalization, what is even more encouraging is the significant short-term inflow of funds, with a total inflow of 7 billion, which is quite an uplifting message and is friendly for the future market.
Currently, looking at the market data simply, the short-term outlook is optimistic, and the increase in funds has also boosted confidence in the future market.
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