January 8, 0:00
$BTC fell sharply to the level of the day before yesterday, 97770. If the market continues to panic at night, it may test 96000. How boring. If it is a contract transaction, it is recommended to wait for the data to be released tomorrow night.
Quoting Bank of America, Financial Times. Everyone can study it by themselves.
The decline of US stocks triggered the collapse of the currency circle. But yesterday, US stocks rose. The two data this week, small non-agricultural on Wednesday and large non-agricultural on Friday, are expected to fluctuate greatly. All coin friends pay special attention!
[Bank of America: US Treasury yields continue to rise, which may turn good news into bad news for US stock investors] As the US 10-year Treasury yield climbed again, Bank of America strategists predicted that traders may re-view strong economic data as a negative signal because it implies that the Federal Reserve will need to keep interest rates high for a longer period of time. The team led by Ohsung Kwon said in a report to clients on Tuesday that the panic about growth is fading, and inflation and interest rates are gradually attracting more attention. Since the sell-off in August, U.S. stocks have been rising with bond yields, but with the 10-year yield rising above 4.5%, Bank of America believes that "the market is shifting to a 'good news is bad news' mode." 4%-4.25% has always been the range where the correlation switches between positive and negative. Since the U.S. election, the S&P 500 index has been more sensitive to macroeconomic news, and the index has fluctuated by 1% or more in 6 of the 12 trading days since the Federal Reserve's December meeting. Strategists said that the 74 basis point change implied by the release of the non-farm payroll report on Friday presented an "attractive buying level."
[The number of U.S. corporate bankruptcies reached a 14-year high] The Financial Times reported on the 7th that due to high interest rates and weak consumer demand, the number of U.S. companies filing for bankruptcy protection in 2024 reached a 14-year high. The report cited data released by S&P Global Market Intelligence, saying that between January 1 and December 23, 2024, at least 686 companies with assets and liabilities of a certain size that the company tracked and monitored declared bankruptcy, an increase of 8% year-on-year. The previous year with a higher number of bankruptcies of such companies was 2010 after the international financial crisis. The data also showed that at least 30 American companies had debts of up to $1 billion when they declared bankruptcy in 2024.
