From the macro level, the limit of the two parties pull in earning enough eyeballs at the same time also let the market bear a larger twist, the day before still double report happy news that in Sunday there will be preliminary intention to reach, the results are not yet hot a day on the departure drama, the Republican Party's junior partner in entering the negotiations on the indignation left the table, accusing the Democrats in the abatement of the budget and no substantial progress. Although all know that this is a means of default for leverage
Biden has also admitted he won't let a debt default happen, but the dramatic change still sent the S&P 500 down nearly 1% at its highest, and yields on U.S. bonds due in early June continued to rise sharply Friday, showing fears of default risk, both of which hurt investors directly. However, the two parties have confirmed that they will continue to meet over the weekend to negotiate on the debt issue, after all, Yellen has once again reiterated
As soon as June 1 will go into default, the Treasury's current balance has now been reduced to its lowest point since 2021, at less than $57.3 billion. While we all know that a debt default is unlikely, even so getting too close to the debt ceiling could have consequences. 2011 saw Standard & Poor's Global Ratings downgrade the U.S. rating, which hit markets and damaged consumer confidence.
After the credit rating was lowered in 2011, the S&P 500 fell 16% in 10 days, while the VIX volatility index climbed to 48. And the uncertainty created by the debt ceiling impasse could also trigger a sell-off in U.S. risk assets and potentially accelerate a recession. And because of this concern does begin to flow into gold, some statistics show that the flow of gold-related funds in May has exceeded $700 million, and BTC is also considered to be a good investment opportunity
The recent negative correlation between BTC and tech stocks has been a headache for many investors, after all, BTC has been stuck below $27,000 this week, while the tech-dominated Nasdaq 100 index has risen 3.5%. The 40-day correlation coefficient between BTC and technical indicators slipped to 0.19 by Friday, the lowest level since April 25. A reading of 1 indicates that the assets are moving in tandem, while a negative 1 indicates the opposite. Prior to April, the lowest reading was seen in November 2021
That coincided with the passage of the BTC ETF. BTC and growth stocks have been in a juxtaposition for some time, as investor interest in both investments surged in an era of low interest rates. This has changed since the beginning of the year as uncertainty over the path of the Fed's rate hike and the March bank collapse prompted investors in each market to react differently.
In an uncertain macro environment, BTC remains a riskier asset than tech stocks, which may keep some investors on the sidelines. The main advantage of tech stocks, on the other hand, is the bullishness for the placement of AI and robotics.
Biden has also admitted he won't let a debt default happen, but the dramatic change still sent the S&P 500 down nearly 1% at its highest, and yields on U.S. bonds due in early June continued to rise sharply Friday, showing fears of default risk, both of which hurt investors directly. However, the two parties have confirmed that they will continue to meet over the weekend to negotiate on the debt issue, after all, Yellen has once again reiterated
As soon as June 1 will go into default, the Treasury's current balance has now been reduced to its lowest point since 2021, at less than $57.3 billion. While we all know that a debt default is unlikely, even so getting too close to the debt ceiling could have consequences. 2011 saw Standard & Poor's Global Ratings downgrade the U.S. rating, which hit markets and damaged consumer confidence.
After the credit rating was lowered in 2011, the S&P 500 fell 16% in 10 days, while the VIX volatility index climbed to 48. And the uncertainty created by the debt ceiling impasse could also trigger a sell-off in U.S. risk assets and potentially accelerate a recession. And because of this concern does begin to flow into gold, some statistics show that the flow of gold-related funds in May has exceeded $700 million, and BTC is also considered to be a good investment opportunity
The recent negative correlation between BTC and tech stocks has been a headache for many investors, after all, BTC has been stuck below $27,000 this week, while the tech-dominated Nasdaq 100 index has risen 3.5%. The 40-day correlation coefficient between BTC and technical indicators slipped to 0.19 by Friday, the lowest level since April 25. A reading of 1 indicates that the assets are moving in tandem, while a negative 1 indicates the opposite. Prior to April, the lowest reading was seen in November 2021
That coincided with the passage of the BTC ETF. BTC and growth stocks have been in a juxtaposition for some time, as investor interest in both investments surged in an era of low interest rates. This has changed since the beginning of the year as uncertainty over the path of the Fed's rate hike and the March bank collapse prompted investors in each market to react differently.
In an uncertain macro environment, BTC remains a riskier asset than tech stocks, which may keep some investors on the sidelines. The main advantage of tech stocks, on the other hand, is the bullishness for the placement of AI and robotics.