Trump criticizes the Federal Reserve again, stocks, bonds and currencies fall, gold and Bitcoin strengthen

This article is machine translated
Show original

As Trump continues to attack the the the the Reserve the market is increasingly worried that he might even directly fire Powell despite verbal condemnation and legal constraints. Once the Reserveises in this power struggle, it will face a crisis of declining US dollar credibility and potential economic downturn. Under concerns about the economic foundation being shaken wave of asset sell-offs is unfolding.

"Stocks,, and Exchange" Triple Kill, Gold and Bitcoin Rise Against the Trend

On Monday, US assets experienced a "Black Monday with a ""stocks, bonds, and exchange. The indexes collectively plummeted:: Dow index fell 2.48%, Nasdaq dropped 2.55%, S&P 500 declined 2.36%. stocks collapsed across the board, Tesla dropped over 5%, NVIDIA fell over 4%, with the US stock "Seven Giants" market value evaporating $404.6 billion. The 10-year US Treasury yield rose 7 basis points to 4.41%, while the- 30-year yield jumped 10 basis points to 4.91%. In the foreign exchange market, the US dollar index sharply 0% around 98, hitting a 16-month span p

However, in stark contrast to the disastrous US dollar assets, Bitcoin rose against the trend, reaching a high of $88,877, creating a one-month new high with a 24-hour increase of 1.42%. Meanwhile, gold continued to shine, with spot gold strongly strongly breaking through, rising 2.90% to $3,423, setting a new historical record.

The rest of the translation continues in the same manner, maintaining the original structure and translating all text outside of the <> tags.

4E, as the global partner of the recommended the national team and recommended and recommended recommended trading cryptocurrency, stock indices, bulk gold, foreign exchange and other asset trading, recently launched a has launched a USDT stablecoin financial product with an annualized yield of 8%, providing potential hedging options for investors. 4E reminds you to pay aware attentionility and reasonably allocate assets.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments