News

On July 5, Leto Bao, the protagonist of "ByteDance Trader Earns 30 Million," reviewed his journey of making 30 million in the U.S. stock market at an exchange Square. He stated that CPI, non-farm payrolls, and Federal Reserve policies are macroeconomic factors, while earnings season reflects the performance of specific companies or industries and also indicates changes in the macroeconomy. Leto Bao noted that the CPI price index is one of the key indicators monitored by the Federal Reserve. A high CPI typically indicates significant inflationary pressure, while a low CPI may reflect deflationary pressure. The Federal Reserve's long-term goal is to maintain inflation around 2%, representing a moderate inflation environment, which implies slow currency depreciation and relatively healthy investment, consumption, and credit activities. Non-farm data also influences market judgments. There is a certain correlation between overheating employment and inflation, but the relationships among macroeconomic indicators are complex and not simply linear. The Federal Reserve is responsible for formulating economic policies related to interest rates and adjusts these policies to support the U.S. economy. Leto Bao believes that CPI, non-farm data, Federal Reserve policies, and earnings seasons should not be viewed merely as "noise"; they all hold significant reference value. He mentioned that he previously overlooked the interest rate hike environment when investing in Nvidia, resulting in a substantial account drawdown, thus emphasizing the need to consider macroeconomic factors in investment decisions. Leto Bao, a former employee of ByteDance, is known as the "ByteDance Stock Trader." He reportedly made approximately 30 million RMB in profits by investing in the AI storage sector and subsequently resigned. The story began when he noticed an unusual price increase while buying hard drives on Pinduoduo, prompting him to research data storage demand and heavily invest in related stocks.

BlockBeats News, July 5th. George Goncalves, Head of Macro Strategy at MUFG Securities Americas, expressed that Powell's concise style made the June meeting minutes more substantial than usual, providing a valuable insight into observing the different stances of Fed officials. "The meeting minutes will become more important because so far, we don't know what the Fed is thinking," Goncalves said. "Seeing how they debate and what they focus on will be very enlightening." He added that some investors have raised questions about Powell's "hands-off" approach, with many hoping for a return to greater transparency. Many market participants are not accustomed to reduced information, and there is still a significant level of doubt about how long the Fed can sustain this. For now, we can only interpret the meaning between the lines. (FXStreet)

Bitget ranked among the top three CEXs in terms of capital inflows over 24 hours, 7 days, and 30 days. Inflows reached $17.12 million in 24 hours, $743 million in 7 days, and $397 million in 30 days. (Yujin)