Those who look at the big picture make big money.
2024.05.20:
Last Friday, the US dollar index rose first and then fell. The US stock market wiped out all the gains of the day in the late trading and finally closed down 0.012% at 104.49. Supported by the hawkish remarks of the Federal Reserve voting member Bowman, the US Treasury yield continued to rise, and the 10-year US Treasury yield finally closed at 4.422%. The 2-year US Treasury yield, which is most sensitive to the Fed's policy rate, finally closed at 4.837%.
Spot gold continued to rise after breaking through the 2400 mark, reaching a high of US$2422.56/ounce, a one-month intraday high since April 12, and finally closed up 1.6% at US$2414.7/ounce, recording two consecutive weekly gains; against the backdrop of tightening supply and increasingly optimistic macroeconomic prospects, spot silver rose more fiercely, standing above US$31/ounce, and finally closed up 6.45% at US$31.49/ounce, a new high in 11 years.
As economic indicators from the world's two largest oil consumers (China and the United States) have strengthened hopes for growing oil demand, coupled with concerns about supply disruptions caused by another attack on Russia's oil infrastructure, international crude oil recorded its first weekly increase in three weeks. WTI crude oil finally closed up 0.81% at $79.46 per barrel; Brent crude oil closed up 0.64% at $83.9 per barrel.
The three major U.S. stock indexes rose and fell, with the Dow Jones Industrial Average closing up 0.34%, closing above 40,000 points for the first time in history, the S&P 500 up 0.12%, and the Nasdaq down 0.07%. GameStop (GME.N) fell nearly 20%, Faraday Future (FFIE.O) fell more than 37%, and Alibaba (BABA.N) continued its rise, closing up 2%.
Most of the major European stock indices closed down, with the German DAX index closing down 0.18%, the British FTSE 100 index closing down 0.22%, and the European Stoxx 50 index closing down 0.16%.
Account status: Total capital 475,000 (including dividends), principal 150,000, yield 200+%. Total equity of contract account 416,000, total position 455,000, 40+ varieties, 170+ pending orders.
Risk warning: Leverage is not a devil, but a tool to improve capital utilization. Leverage itself has no risk, the real risk comes from human nature.
