On June 22, the US dollar index was 105.76, up 0.16%; the US 10-year Treasury yield was 4.257%, down 0.3%. The yield spread between French and German government bonds widened to the highest level since 2012. Policy changes triggered turmoil in the European bond market, and investors flocked to the United States for risk aversion to see if the long-term yield would fall below 4.2%.
In terms of economic data, the initial value of the US S&P Global Manufacturing PMI in June was 51.7, higher than expected, and the service industry PMI was 55.1, higher than expected, indicating that the US economy is strong.
The total number of existing home sales in the United States in May was 4.11 million units on an annualized basis, higher than expected, but existing home sales fell from April.
On the Fed side, Fed Chairman Barkin delivered a speech in the early morning of June 21. He believed that the current stage of anti-inflation is in the later stage, and it is difficult to interpret inflation data; it is necessary to continue to observe the process of inflation decline in order to have confidence in its return to 2%; he supported the June FOMC decision, and the interest rate policy needs to be adjusted according to the data.
In terms of cryptocurrencies, Bitcoin continued its decline, but Ethereum remained relatively strong due to the expectation of ETF approval and trading; the issuance of coins by ZKsync and Layerzero, the king projects of Ethereum's second layer, aroused public anger, and the airdrops were arranged by insider trading on QQ Soso, and stocks with high market value and low circulation were cashed out as soon as they were listed. Last night, there was an incident in the Chinese area looking for Binance Cyber to defend their rights; the altcoins rebounded from oversold, and rebounded against the backdrop of Ethereum's strength.
In the U.S. stock market, the S&P 500 and Nasdaq indexes ended their streak of record highs and fell slightly, probably due to the expiration of huge options and the rebalancing of the S&P 500 and Nasdaq indexes. The S&P 500 index was 5464.62, down 0.16%; the Nasdaq index was 17689.36, down 0.18%; and the Dow Jones index was 39150.33, up 0.04%.
Regarding the stocks of Tugou, I haven't written about them for a long time. The leader @TheRoaringKitty became the fourth largest shareholder of $GME after exercising his rights. The management of $GME was arrogant at the performance briefing, and made it clear that they would not hype the stock price (refusing to be a meme stock), and did not answer any questions from shareholders and analysts. $GME fell 6.49% to $23.93; AMC fell 5.41% to $4.55; FFIE has fallen to $0.396, down 2.58%. The story of GME should not be over yet.
In terms of Bitcoin ETF, GBTC outflowed $34.2 million, FBTC outflowed $44.8 million, ARKB outflowed $28.8 million, EZBC outflowed $1.9 million. The rest were zero. On June 22, Bitcoin ETF outflowed $106 million.
