Macroeconomics and news:
Although the US stock market opened with an increase tonight, the increase will not be too good. It may be the best result to maintain the increase and close. Currently, the stock prices of the seven major technology giants in the US stock market are mixed, and the sentiment is general.
Although the risk market is optimistic about the CPI data this week, this optimism will be tested tomorrow. Tomorrow is the release day of the US Producer Price Index, which is also one of the important data for measuring inflation indicators. The current value of the index is 2.1% and the expected value is 2.2%. The expected value is higher than the previous value. As long as the announced value does not exceed the previous value, it is good news.
However, at 22:00 tomorrow night, Powell and ECB Governing Council member Nott will attend a meeting and deliver a speech. For the younger brothers in Europe, how the United States fools them will determine the direction of the speech. However, since it has successfully induced interest rate cuts in some European countries, it is estimated that the Federal Reserve will still fool the younger brothers and cut interest rates as soon as possible. After all, maintaining the interest rate gap for a long time is not very optimistic for the current economic situation in Europe. Once this direction is followed, the hot spots of expected interest rate cuts will be magnified.
The above is my personal guess. If this route is really followed, it will be a good thing for the risk market in the short term.
Here, by the way, there is a lot of online rumors that Tether will be censored by the United States. I personally think that the probability of Tether being censored or "really" censored before the end of the election is very small.
Many people think that the company is willing to be censored because many illegal activities in the world are using USDT, but don't forget that there have been news reports before that in many virtual asset freezing interactions in the United States, Tether also has a clear position and decisive actions to help freeze the assets on the chain, and it is very cooperative.
Secondly, most of the company assets anchored by Tether in the issuance of USDT are US dollar assets, of which US bonds account for a large part. If Tether is engaged at this time, it will undoubtedly force the company to sell US bonds. For US bonds, this is one of the current strategic goals of the United States, and the price of US bonds will not be easily damaged.
To sum up the above two points, I conservatively believe that Tether will not be liquidated or sued so easily, at least before the election. Of course, it is normal for Tether to be targeted, which depends on Tether’s position in the United States. If it is targeted in the short term, it is also because the previous financial reports are indeed excellent, which will definitely arouse envy. Secondly, it is probably targeted in the short term just to "take advantage of it."
Market summary will be released later.
