April 3 Daily Report
Macroeconomics
1. The three major U.S. stock indices were all up at the close last night, with the Dow rising by 0.56%, the Nasdaq by 0.87%, and the S&P 500 by 0.67%.
2. Trump has delivered a speech, and the tariffs that everyone has been anticipating have now landed, causing a market shock. His tariffs have indeed exceeded everyone's expectations.
3. First, he announced a national emergency to enhance America's competitive advantage, protect American sovereignty, and strengthen national and economic security. Secondly, a baseline tariff of 10% will be imposed on all countries, effective from April 5th. Higher reciprocal tariffs will be levied on countries with the largest trade deficits with the U.S. The reciprocal tariffs include 10% for the UK, Australia, Brazil, Saudi Arabia, UAE, and Kuwait; 17% for Israel; 20% for the EU; 24% for Japan; 25% for South Korea; 26% for India; 34% for China; 36% for Thailand; 39% for Iraq; 46% for Vietnam; and 49% for Cambodia.
4. The next step is to impose a 25% tariff on imported cars, effective April 3rd. After announcing the tariff policy, U.S. stock futures also fell in response, with S&P 500 dropping nearly 2%, Nasdaq down 3%, and Dow down 1% in after-hours trading. This is truly exaggerated; if the tariffs are implemented without discount on April 9th, the U.S. will face direct inflation, unemployment, and economic downturn, which is foreseeable.
5. Overall positive for gold, which hit a new daily high, and rose by 1% yesterday, breaking through 3140. Gold has been the best investment recently, outperforming others. Bitcoin also fell back, once reaching 88,000, now at 83,000, which seems to be stabilizing within this range.
Hot Topics
1. Yesterday, mask reappeared, and the fall of act is a downward trend without looking back. Overall, this time mask and act have followed this pattern, and many currency k-lines might do the same. After Trump created a wealth myth, most of the liquidity was withdrawn, leading to overall low liquidity in the market.
2. From Hypoliquid squeezing liquidity, to GPS dropping and harvesting, then to the decline of act and mask contracts, and the drop in spot prices, all indicate that the market is trying to reduce the risk exposure of liquidity, exacerbating this wave of liquidity withdrawal. The available funds in the market are so low that it's hard to look at; even if the market is pushed up, it can't hold. At this position, anyone who tries to take over is...
3. Bian announced the start of the second round of voting for listing coins, which includes some old coins like virtual, big time, grass, etc.
4. The stablecoin FDUSD once decoupled by 12%, mainly because Sun Ge came out and stated that the project has effectively gone bankrupt. Sun Ge is unable to redeem 500 million TUSD from this company. FDUSD's explanation is also weak because it is essentially from the same parent company; if TUSD cannot be redeemed, FDUSD certainly also carries risks.