Yesterday's PPI data showed a small negative impact, but fortunately it didn't fall too low. Bao's speech at night was neutral. In summary, we still have to look at the data. The rebound in inflation last month will allow the Federal Reserve to continue to maintain a high-interest monetary policy, so the expectation of interest rate cuts has been weakened this year. As long as today's CPI data does not exceed expectations significantly, 60,000 is still difficult to break, but if it exceeds expectations significantly, 60,000 will really not be able to hold.
ETF data, yesterday's net inflow of 100 million US dollars, 1,632 coins, ARKB's large inflow of 130 million US dollars, should be the largest single-day inflow in recent times. I suspect that Wood Sister's own investment portfolio is used to buy the bottom. I remember that his fund has been issued once before.
GME (GameStop) stocks must be the hottest news in the entire financial circle recently, and are known as the largest MEME stocks in the US stock market. In fact, this stock was hyped up once in the last cycle. At that time, it was a famous scene of retail investors fighting Wall Street. Wall Street institutions shorted this stock wantonly, and as a result, it was sniped by countless retail investor communities. At that time, it soared 10 times. I remember that many institutions also suffered heavy losses. If this scene is put in the currency circle, it is MEME vs. the so-called project value coin, which once again demonstrated the power of retail investors. At the same time, the same-name MEME $GME in the currency circle also flew to the sky, and also hit the MEME leader PEPE to a historical high. The current market value is close to 5 billion US dollars. I can't say how much it can reach, but it is undeniable that the consensus of retail investors is more vivid in the currency circle.
On May 15, Google held the "I/O 2024" annual developer conference in the early morning of today, and released a new AI agent (Agent) product Project Astra, which can achieve multi-modal real-time reasoning across text, audio, and video like GPT4o released by OpenAI. It also launched an update for Gemini 1.5 Pro, whose AI model will soon be able to process more data, as well as a new, smaller Gemini 1.5 Flash AI model. But it did not drive the AI sector up.
Market Interpretation
We will continue to wait for the CPI data. As long as there is no huge negative news about CPI, I don’t think there will be a big drop. But the rise during the day today is actually a bad signal. I saw some group friends say that the rise before the data is released is in the opposite direction. Although there is no substantial evidence to support it, I think it is best not to guess or gamble. It is still in time to operate after the data is really released.
The two cakes are still linked
MEME sector is still strong, FLOKI has the highest increase, PEPE's trading volume on B AN has surpassed ETH, and the trading volume of MEME $GME on the chain has also exceeded 100 million, and it is still rising, with a 24-hour increase of more than 80%. The whole network is speculating on MEME, and no one is playing with value coins. .
Today's panic greed index: 64 (greed)
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