1. Japan has experienced 30 years of stagnation and now needs to seriously face the population crisis and inflation. At the same time, Japan is also the largest foreign holder of US Treasury bonds. Therefore, Japan's economic actions will affect the US and even the global economy.
2. U.S. consumers are still worried #经济衰退 The difference between their assessment of the current economic situation and their expectations has narrowed to the lowest level since the COVID-19 outbreak
In addition, Americans lack optimism about the labor market. The proportion of consumers who believe that there are ample job opportunities and that jobs are hard to find is 12.6%, which may mean that the unemployment rate will reach around 6%. If the unemployment rate rises, it will directly affect some policy operations of the Federal Reserve (Figure 1).
3. The earlier economic revival measures of the Qing Dynasty were obviously not enough. The relevant measures only focused on the supply side of the economic equation. They did not really solve the problems of weak consumer demand and unstable confidence. Therefore, the following details need to be considered (whether A shares can be bought):
a. Fiscal easing eases local government debt and boosts credit demand
b. Supply-side reforms to ease deflation
c. Policies to stabilize housing prices
d. Create more employment opportunities and increase household income
4. According to Bloomberg data analysis: China's #GDP growth may not reach the 5% target in 2024 (Figure 2)
5. Talk about gold #Gold It has hit a record high for 4 consecutive trading days and has set 5 consecutive positive days in the past 6 trading days.
6. A data that no one dares to imagine:#USstocks dominate the global market value, accounting for 50%, reaching 55 trillion US dollars, accounting for about 200% of the US GDP, which is three times that of Asian and European exchanges (Figure 3)
7. There is good news for #cryptocurrency: about $16 billion of resources (funds) flowed out of Brazil to purchase offshore crypto assets. The transfer amount in August was $1.54 billion, which is the third largest amount so far this year, so it may have a certain positive impact on the currency market.
8. Bitcoin #BTC☀️ The number of addresses holding Bitcoin that have not moved for 6 months has increased to 79%, which is higher than the proportion at the bottom of the bear market in 2015, 2018 and 2020. Everyone is holding Bitcoin for a long time and waiting for the big bull market to come.
9. Let's talk about Bitcoin $BTC Summary of market sentiment: The continuous short-term bullish signal is coming to an end, and the medium-term is roughly neutral. It takes time to determine whether to continue the bullish structure. Of course, the long-term trend is bullish (nonsense). The medium-term and long-term need to be combined with macro and elections, including US stocks and#M2liquidity.
10. If the price of#Bitcoinapproaches 73K, we may see a lot of liquidity injected into the futures market, and then there will definitely be a wave of price increases. Of course, this has happened before (Figure 4)
10. The Qing Dynasty said it would give a large amount of money to the extremely poor at one time, which is a very rare and difficult thing to do.
11. Let's talk about the#AIfield. The recent strong demand for artificial intelligence may trigger a new global chip shortage. According to a report by Bain & Company, the growing demand for#AIsemiconductors and AI-enabled devices such as smartphones and laptops may trigger a global chip shortage.