To The Moon

On Wednesday, Nvidia made history, becoming the first company in history with an intraday market value of more than $4 trillion.During the early trading session of the U.S. stock market on Wednesday, July 9, Eastern Time, Nvidia's stock price once rose to $164.42, a record intraday high. The intraday increase expanded to 2.8%, and the market value subsequently exceeded the milestone of $4 trillion. Nvidia currently accounts for 7.5% of the S&P 500, and its influence is close to the highest level on record.Moreover,Recent mega-deals suggest that demand for AI computing power continues.Since the beginning of this year, Nvidia's stock price has risen by more than 20%, and if counted from the beginning of 2023, the increase will exceed 1,000%. Nvidia's market value only reached US $1 trill

Treasury Bond in the United States fell for the fifth consecutive trading day, as the global demand for long-term government bonds was weak, and US President Trump announced more tariffs, which once again caused panic in the financial market. In addition, the U.S. Treasury Department will auction 10-year and 30-year Treasury Bond today and tomorrow, and many futures and options traders have been closing some large bullish bets on U.S. Treasury Bond recently.Market data showed that U.S. bond yields fell across the board again on Tuesday, with the 30-year U.S. bond yield further approaching the 5% mark, the highest level since mid-June. Although the benchmark 10-year Treasury Bond yield fell slightly in the afternoon of New York session, it still rose by about two basis points from the previ

On the 7th local time, US President Trump sent a letter to 14 countries including Japan, South Korea and South Africa threatening to levy taxes. Subsequently, he signed an executive order to extend the suspension period of "reciprocal tariffs" to August 1st.This move has made Trump's uncertain tariff policy once again become the biggest focus in the financial market.Investors are worried that tariffs will push up prices and slow economic growth, while uncertainty over ultimate policy could create an even bigger drag as it causes companies to delay decisions.Valentin Marinov, head of G10 currency foreign exchange research and strategy at Credit Agricole, said, "Before the deadline of the trade agreement on July 9, uncertainty has increased, and investors have begun to gradually factor in th

US President Trump posted on social media: "I am pleased to announce that tariff letters and/or agreements between the United States and other countries around the world will be issued at 12 noon EST on July 7th (early Tuesday morning, Beijing time)."The Trump administration plans to reimpose reciprocal tariffs of 10% to 70% on dozens of countries after the 90-day moratorium ends. With the deadline coming on Wednesday, the United States may re-impose tariffs on dozens of countries.ButBescent said in an interview with the media that the United States will send a notification letter to its trading partners, asking for an agreement to be reached before August 1st, otherwise it will return to the tariff level on April 2nd. U.S. Secretary of Commerce Lutnick also said that Trump's country tarif

At 8:30 p.m. Beijing time on Thursday, the U.S. Bureau of Labor Statistics will release the June non-farm payrolls report.Economists expect non-farm payrolls to increase by 110,000 in June, a slowdown from 139,000 last month, the unemployment rate to rise slightly from 4.2% to 4.3%, and the year-on-year hourly wage growth rate to remain unchanged at 3.9%, with the month-on-month growth rate slowing to 0.3% from 0.4% in May.Morgan Stanley chief U.S. economist Michael Gapen wrote in a note to clients, "We think labor demand is slowing, but so far,The magnitude of the slowdown is modest.”If the non-agricultural data is in line with expectations, this will keep the Fed on track to cut interest rates in September, which is also in line with investors' current expectations through the futures ma

As the market widely expects the Federal Reserve to restart the interest rate cut cycle in the coming months, the US Dollar Index continues to come under pressure, hitting a new low since February 2022, providing solid support for the interest-free asset gold. At the same time, the uncertainty surrounding US President Trump's tariff policy has also boosted risk aversion, further pushing gold prices to rebound from nearly a month's low.For investors who are bullish on gold, they can use option strategies to go long on gold.From a macro perspective, the latest PCE data released by the United States showed an unexpected decline in personal consumption in May, providing policy space for the Federal Reserve to further ease. According to Reuters, Trump intensively released hawkish remarks before

After Musk bombarded the "Big Beautiful Bill" again, Trump ended up angrily, and the drama of "Tema" tearing each other was staged again!On July 1, local time, Trump bombarded Musk on real social networks, saying that the latter may have received more subsidies than anyone else in history.Without the subsidy, he may have to close down and "return to his hometown in South Africa".Trump said:"Musk knew long before he strongly endorsed me for president that I had always been strongly opposed to EV mandates. This policy is ridiculous and has always been an important topic of my campaign. EVs themselves are fine, but everyone shouldn't be forced to own one.Musk may have received more subsidies than anyone else in history, and without them, he may have to shut down and return home to South Afric

On July 9th, the "tariff deadline" is approaching. May Trump personally end the negotiation window? On Sunday local time, Trump said in an interview with the media,There is no need to extend the expiring tariff period. Letters will be sent to hundreds of countries, including Japan, in the next few days to unilaterally inform them of the tariff rates of exports to the United States, instead of continuing trade negotiations.Trump took the letter beginning with "Dear Mr. Japan" as an example to illustrate how the United States will inform trading partners of the new tariff arrangement, sayingThe United States will impose a 25% tariff on Japanese cars.He stressed that the letter will be sent out soon, saying that "we don't need a meeting, we know the situation and we have all the data".Previou

As a short squeeze rally drives U.S. indexes significantly higher, UBS's proprietary trading desk has issued a warning: the rally has gone too far, and investors should consider scaling back their positions. According to UBS’s proprietary indicators, despite the market's apparent strength, true risk appetite is actually declining.Rebecca Cheong, Head of Flow Trading at UBS, noted in a newly released report that although there has been a sharp short-covering rebound (with the UBXXSHRT short squeeze index rising 43%), UBS's proprietary “4M Intraday Recovery Score”—which measures discretionary risk appetite—has been falling, turning neutral as of June 18.Based on historical data, under similar short squeeze and risk appetite conditions, the S&P 500 typically falls by 11% and the Nasdaq by

What Does an Implied Volatility of 150% for CRCL Mean?The recent U.S. IPO market has been red-hot, and Circle Internet Corp. (CRCL) has captured widespread attention. In just a few weeks, its stock price surged from $31 to nearly $300 at its peak, representing a cumulative gain of over 860% since listing, with a market cap briefly reaching $65 billion.As CRCL experienced extreme price swings, its implied volatility (IV) also skyrocketed. Implied volatility reflects the market’s forecast of how much the underlying asset will fluctuate in the future, and is usually expressed as an annualized percentage.With CRCL currently trading at $222, an implied volatility of 150% suggests:The market expects CRCL’s price to fluctuate within a ±150% range over the next year.Statistically speaking:Assuming