Friday: Clear skies, light clouds.

It seems like the quietest trading day this week, but traders are considering many issues.

First, the dollar and U.S. stock futures are still falling, A-shares turned down in the afternoon, while the 10-year U.S. Treasury yield hovers above 4.5% (which itself indicates higher market expectations for the interest rate center), and gold has once again risen above $3,300 — all of this seems like some kind of omen (reflecting market concerns about future risk events).

Second, last night the U.S. House of Representatives voted to pass Trump's "Big and Beautiful Bill", which could lead to a multi-trillion dollar increase in the U.S. budget deficit (raising questions about overseas demand for U.S. assets) — the market will respond further. The feedback from the market on the first day and the second day is different; the first day is an information shock, while the second day is emotional differentiation. Just like the typical market reversal the day after the Federal Reserve's interest rate decision.

Third, U.S. Treasury bonds are highly liquid and considered low risk, making them an important part of all balanced investment portfolios (including those of central banks around the world). The reason the U.S. can maintain such a large scale of borrowing at a relatively low cost is due to investors' appetite for U.S. bonds. If issues arise in the U.S. Treasury market, it would become the largest crisis in the world.

Fourth, traders' attention to Japanese government bond yields has even surpassed that of U.S. Treasury yields. The U.S. Treasury and stock markets have been boosted by Japanese capital inflows (the same applies to the dollar). If Japanese government bond yields continue to rise sharply, attracting Japanese investors back and closing arbitrage trades could lead to significant selling of U.S. financial assets. Therefore, making an effort to understand and focus on the surge in long-term yields of the Japanese government bond market is the most important thing for investors right now. Today, Trump actively called Japanese Prime Minister Shigeru Ishiba to discuss tariff issues, and after this news was announced, Japanese government bond yields began to fall.

Some traders believe that there is a risk of "very harmful volatility" in the market today, and the most dangerous thing is (the stock market) rebounding; the higher the rebound, the more severe the future sell-off will be.

Will this nightmare trigger a global reset?

News headlines are flying around, and each one could have serious consequences. How will the world get through this crisis? Will U.S. stocks, the dollar, and U.S. Treasuries all plummet simultaneously? Can gold be bottomed out now?

Report highlights:

1. The crisis in the U.S. Treasury market has surpassed tariffs and become the number one focus globally. This report helps you understand the answers to key questions:

* First, what chain reactions will occur? What will the U.S. do?

* Second, will the sell-off of U.S. assets return?

* Third, how will the world get through this crisis?

As this report states, at the crossroads of global repricing, what is truly worth holding onto is a clear understanding of risk logic and a profound understanding of the asset cycle.

2. Rumors about the "devaluation clause for the dollar exchange rate" are rewriting market expectations. How the dollar will move next will concern the fate of the United States. We tell you the trends of the dollar and U.S. Treasury yields in the next 1-3 months and 1-3 years.

3. Release the latest forecast on gold — will it break through $3,500 or test $3,000 — the answer is already clear.

4. During the 90-day "cooling period" between China and the U.S., how will the RMB fluctuate? Exclusive reasoning on the limits of RMB appreciation and depreciation within 90 days.

5. Wall Street has named 7 Chinese stocks to watch this week, with investment banks believing one has a potential increase of over 100%.#以太坊走势 $BTC