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BlockBeats reported that on June 4, Arthur Hayes posted on social media stating that he has just closed all his HYPE and NEAR positions. The specific reasons will be explained in the article "Reality Check" to be published next Tuesday. In short: · The Iran war and inventory restocking have led to rising energy prices · From now until the beginning of the third quarter, three major AI projects will go public through IPO · Predicts that Trump will turn against AI to help the Republican Party win the midterm elections · Believes the market peak will occur sometime between now and September · It's time to take profits

Golden Ten Data reported on June 4 that Reserve Bank of Australia (RBA) Governor Bullock stated that the RBA has observed signs indicating its rate hikes are beginning to take effect in the economy and reiterated that the Monetary Policy Committee will take necessary measures to achieve its objectives. The RBA has raised interest rates at all three meetings this year, bringing the benchmark rate back up to 4.35% in an effort to curb resurging inflation. Bullock expressed concern about the risk of second-round inflation effects arising from energy shocks triggered by Middle East conflicts. Bullock noted that one of the channels through which rate adjustments tend to have a swift impact is the property market, where conditions have already eased somewhat, partly reflecting tighter monetary policy. Money markets expect the RBA to hold rates steady at the June meeting, with about a 50% probability of another rate hike in August, while the likelihood of a hike in December has been fully priced in.

Glonghui, June 4 — Bill Ackman, the hedge fund manager dubbed the "Wolf of Wall Street", stated in a podcast that investors are chasing hot stock sectors as frenetically as during the internet bubble of 2000, describing it as history repeating itself—a sign that is anything but auspicious. Ackman pointed out that people always set their sights on so-called "new new things." Currently, chips, semiconductors, and energy are such new things, and short-term capital is flocking to them, often resulting in truly high-quality assets being neglected. He believes that the fundamental similarity between the current market and the 2000 internet bubble lies in market psychology. For example, people were frenzied about internet stocks back then, while Berkshire Hathaway's valuation fell to what he considered its lowest level in history. Nowadays, people have the same attitude toward companies like Amazon, Meta, and Microsoft, causing these major technology giants to be undervalued. Ackman revealed last month that he purchased Microsoft shares when the company's stock price fell after the earnings release in February, stating that Microsoft is a winner in the AI field. He said that today's investors are either directly or indirectly investing in artificial intelligence. As a long-term investor, it is crucial to assess the risk of a business being disrupted, and now the probability of such disruption has increased significantly.