La baisse des taux d’intérêt de la Fed devrait accueillir à nouveau des « informations positives » ! Les données sur l’inflation économique ont toutes deux été révisées à la baisse, l’indice PCE de base a été inférieur aux attentes, mais l’or est-il difficile de trouver une percée ? Le marché pétrolier se concentre sur la réunion de l’OPEP+, Trump reconnu coupable de 34 crimes... Quelles mesures de relance avez-vous manquées cette semaine ?

Fund managers opt for safety: FMS cash allocations above average The Fund Manager Survey [FMS] has unveiled two key market trends. Firstly, cash allocations - the percentage of cash held by fund managers in their portfolio - are currently exceeding their long-term average, indicating a possible preference for caution or risk-aversion among fund managers. Secondly, sector allocations - the distribution of investments across industries - show that fund managers are favoring healthcare, staples, and materials sectors, which may indicate greater potential for profitability. Conversely, fund managers appear to be reducing their allocation towards discretionary, utilities, and tech sectors, suggesting they perceive these areas as comparatively less attractive or riskier in the current market climate.

Odaily Star Daily News Polymer Labs, un projet Layer 2 axé sur la réalisation de l'interopérabilité IBC, a annoncé qu'il collaborait avec l'équipe de développement d'infrastructure blockchain Nethermind pour lancer le SDK Monomer. Les principales caractéristiques de Monomer sont les suivantes : -Compatibilité entre Cosmos SDK et ABCI : Monomer permet de déployer n'importe quelle chaîne d'application compatible avec Cosmos SDK ou ABCI en tant que Rollup sur Ethereum. - Personnalisation et flexibilité : Contrairement à la plupart des frameworks Rollup Ethereum qui se concentrent sur la compatibilité EVM, Monomer prend en charge une large gamme d'options de personnalisation grâce à Cosmos SDK, y compris le remplacement du stockage clé-valeur sous-jacent et de la structure de données de soumission d'état. - Support avancé des développeurs : La pile technologique Cosmos dispose d'une documentation et de ressources riches pour faciliter l'adoption et l'innovation des développeurs. -Importation d'innovation: Monomer favorise l'intégration de technologies innovantes Cosmos dans l'écosystème Ethereum, telles que le SDK de bloc Skip, renforçant la boîte à outils technologique disponible pour les développeurs Ethereum. - Prise en charge de différentes machines virtuelles : les développeurs peuvent déployer Rollup en utilisant différents types de machines virtuelles (y compris EVM et CosmWasm) et écrire la logique spécifique à l'application en Go, sans dépendre d'une machine virtuelle. La feuille de route de Monomer comprend l'intégration d'un ordonnanceur basé sur CometBFT et l'utilisation possible de Skip's Slinky en tant qu'Oracle Machine intégré. Ces améliorations technologiques visent à améliorer le fonctionnement de Monomer ainsi que son interaction avec d'autres systèmes, rendant la plateforme plus puissante et plus polyvalente.

$KEY $CFX $MDT Mouvements de prix décents et bon potentiel

Financial Markets See Changes in Fed Funds Rate, Yield Curve, and Correlation Between Stocks and Bond Yields Fed Funds Rate Expectations: The Fed funds rate is a key interest rate that the Federal Reserve uses to manage the economy. There has been a shift in expectations regarding the future path of the fed funds rate, with investors anticipating a more aggressive stance from the central bank. Specifically, there are predictions of an additional 75 basis points increase during the current cycle. This has implications for various financial instruments, including bonds and stocks. Yield Curve Steepening: The yield curve is a graph that plots the yields of bonds with different maturities. Recently, there has been a growing consensus among investors that the yield curve will become steeper over the next 12 months. This means that the spread between short-term and long-term interest rates will widen. The implications of a steep yield curve could be significant for various sectors of the economy, such as banks and housing. Stocks and Bond Yields Correlation: Typically, when stocks rise, bond yields fall, and vice versa. However, in recent weeks, stocks and bond yields have been rising together. This positive correlation is a departure from the norm and could have implications for how investors diversify their portfolios.

From Inflation to Systemic Credit Events: How Investor Sentiment is Shifting As of March 2023, investors are more worried about a systemic credit event rather than inflation as the key risk to markets. This shift in concern highlights the fragile state of the global economy and the uncertainty around the future. The fear of a systemic credit event replacing inflation as the key risk to markets is a reflection of the ongoing instability in the financial system. A systemic credit event occurs when a disruption in the financial system causes a widespread default of debt obligations, leading to a ripple effect throughout the economy. This can lead to a collapse of the financial system and trigger an economic recession. The shift in investor sentiment is a cause for concern, as the market is becoming increasingly pessimistic about the outlook for the global economy. The fear of stagflation, a phenomenon where inflation and stagnation occur simultaneously, has also been rising. According to the latest FMS investor survey, expectations for stagflation have remained above 80% for 10 months in a row. Investors have never held such strong conviction about the economic outlook. The continued uncertainty surrounding the global economy has led to a significant shift in investor behavior. Many investors are now focusing on more defensive investment strategies, such as investing in gold and other safe-haven assets. Others are investing in stocks that are more resilient to economic downturns, such as healthcare and technology. The increasing pessimism among investors highlights the need for governments and central banks to take proactive measures to stabilize the global economy. This may include fiscal and monetary policy interventions, such as stimulus packages, interest rate cuts, and quantitative easing measures. These policies can help to boost economic activity and restore investor confidence in the markets. In conclusion, the shift in investor sentiment from stubborn inflation to a systemic credit event is a worrying trend that highlights the fragility of the global economy. The fear of stagflation has also been rising, further exacerbating investor concerns. It is important for governments and central banks to take proactive measures to stabilize the economy and restore investor confidence in the markets.

Golden Ten Data a rapporté le 23 mai que la cérémonie de signature du deuxième lot de grands projets dans le district de Xuhui, à Shanghai, en 2024, s’est tenue à Shanghai, et que 23 projets majeurs ont été signés sur place. Lors de la réunion, le district de Xuhui a lancé le « Key Enterprise Service Package PLUS Plan », qui fournira des services commerciaux plus professionnels et exclusifs pour encourager le développement des entreprises, autonomiser et accroître l’intelligence, et démontrer la grande importance et la pratique innovante de Xuhui en matière d’optimisation de l’environnement des affaires.

The US Housing Market in 2023: MBA Data Reveals Possible Rebound in Refinancing The MBA mortgage data suggests that there have been significant changes in the housing market in recent years. One key trend is the impact of higher mortgage rates on refinancing activity. According to the MBA Refinance Application Index, the refinance index experienced a sharp decline in 2022, likely due to the increased cost of borrowing associated with higher mortgage rates. This decline in refinancing activity is indicative of a broader trend towards lower overall demand for mortgages, as borrowers may be deterred by the higher costs of borrowing. However, there are some indications of a possible rebound in refinancing activity as of 2023, as suggested by the slight tick noted in the data. This could be due to a variety of factors, such as changes in the broader economic environment or adjustments to lending policies by mortgage providers. Nonetheless, the data suggests that the impact of higher mortgage rates on refinancing activity is likely to continue to be a key trend in the housing market in the coming years. Another important trend highlighted by MBA Purchase Application Index is the significant decline in purchase activity, which is down 36% year-over-year unadjusted. This suggests that fewer people are buying homes, likely due to a combination of factors such as higher mortgage rates, tighter lending standards, and a limited supply of available homes. This decline in purchase activity could have broader implications for the housing market and the broader economy, as home buying and construction are often seen as key drivers of economic growth.

Breaking Records: The Surging US Petroleum Exports and Inventories The US petroleum industry is a major contributor to the country's economy and has significant impacts on the global energy landscape. In order to understand the current state of the US petroleum market, it's important to look at two key metrics: petroleum inventories and petroleum exports. Petroleum inventories refer to the amount of crude oil and refined products that are stored in tanks and other facilities across the country. These inventories are closely monitored by industry analysts and investors as they provide important insights into supply and demand dynamics, production levels, and market trends. Charts that depict US petroleum inventories in MB [million barrels] are regularly published by industry associations, government agencies, and other sources to help stakeholders keep track of these metrics. In recent years, the US has also emerged as a major exporter of petroleum products, including crude oil and refined products such as gasoline, diesel, and jet fuel. According to the latest data, US total petroleum exports surged to a new record high of approximately 12 million barrels per day (b/d) in the previous week. This was driven by strong demand from overseas markets, as well as the US industry's increasing export capabilities.

Les éloges sont unanimes ! L'outil de surveillance VIP a été entièrement mis à niveau avec l'ajout de multiples points de résonance pour les indicateurs, et maintenant disponible avec une réduction VIP de 400 yuans ! Une concentration de multiples signaux vous permet de réaliser des transactions les plus sûres.

Le 29 avril, Shangwang Network a annoncé qu’il avait signé un nouveau cycle de coopération stratégique avec China Telecom, et sa plate-forme Internet gratuite mondiale WiFi Master Key continuera à travailler avec China Telecom « Love WiFi » pour explorer une situation gagnant-gagnant en mode hotspot de coopération et de co-construction. Selon les rapports, grâce à la coopération avec China Telecom, la couverture des ressources de points d’accès de WiFi Master Key a été considérablement améliorée et le nombre de points d’accès auto-construits et co-construits a approché k.

Warren Buffett a dit un jour "Soyez craintif quand les autres sont avides, et avides quand les autres sont craintifs". Mais comment identifier les meilleures opportunités d'achat et de vente ? Voici une liste d'indicateurs de base mais utiles pour vous aider à planifier vos stratégies d'entrée et de sortie. Les principaux indicateurs mis en évidence comprennent les taux de financement sur les marchés dérivés, qui équilibrent les positions longues et courtes et peuvent signaler des retournements potentiels du marché. Les données ouvertes sur les intérêts peuvent également donner un aperçu du sentiment du marché en révélant la taille totale des transactions non réglées. Des outils tels que Coinglass et la page de statistiques de GMX sont recommandés pour suivre ces points de données clés et d'autres. Les retracements de Fibonacci sont également utiles pour identifier les points d'entrée et de sortie potentiels des investissements. Ces indicateurs devraient cependant faire partie d'une stratégie plus large, car ils peuvent améliorer la compréhension du marché et aider à planifier les transactions.

Tokenomics: A Love Story Between Tokens and Economics Tokenomics, the marriage of "token" and "economics", governs the financial principles that guide the success of a token. Like any thriving relationship, the balance of supply and demand is key. While supply dictates the fate of a token in the long run, demand is the fuel that keeps it running. Understanding the interplay between emissions, inflation, deflation, token burns, token allocation, and vesting, as well as market cap, can help investors make informed decisions on which tokens to embrace. Whether you're after a token that offers a good ROI, boasts utility, or is driven by a cult following, tokenomics holds the key to unlocking its full potential. For curious minds, a brief explanatory article can be found here: https://www.gate.io/posts/3579154

Inflation, Recession, and Financial Stability: What Investors Need to Know Despite recent turmoil in the banking industry, there is evidence that we may see a positive scenario where inflation cools to manageable levels without the economy sinking into a recession. The Federal Reserve has adopted a less hawkish tone and signaled the end of interest rate hikes, but inflation still needs to come down further before the central bank is comfortable with price levels. This means that monetary policy will remain tight, leading to tighter financial conditions and possibly lower stock valuations. While recession risks have intensified recently, consumers are coming from a strong financial position, with unemployed people finding jobs, those with jobs getting raises, and many having excess savings to tap into. Therefore, any downturn is unlikely to turn into an economic calamity, given the financial health of consumers and businesses. For the curious minds, I’ve gathered and summarized some of the key data from last week in this article: [https://www.gate.io/posts/3578996](https://www.gate.io/posts/3578996?type=comment)

Odaily星球日报讯 Manta Network宣布推出基于零知识证明（ZK）的隐私NFT / SBT发行平台NPO（NFT Private Offering）。NPO建立在zkAddress和MantaPay的ZK电路之上。Manta Network将ZK复杂性抽象出来，开发者无需了解技术或密码学知识，通过使用SDK即可发行隐私NFT和SBT。zkNFT和zkSBT具备NFT / SBT相同的易用性，且具有即插即用性，开发者可将其与Web2 App或Web3 DApp连接，从而将链上信息，通过ZK Proof Key与链下应用绑定，创造全新应用。

Banking Updates: Credit Suisse and SVB Financial Group Face Challenges Credit Suisse is facing a liquidity crisis, and the Swiss National Bank is taking steps to prevent the situation from deteriorating. The authorities have decided to provide $54 billion of liquidity through a covered loan facility and standard central bank lending to support Credit Suisse's funding position. The hope is that this backstop will keep private sector liquidity providers engaged with Credit Suisse. In addition, the authorities are providing more information on Credit Suisse's capital, liquidity, and asset portfolio to reassure investors and counterparties about its finances and assets. This includes limited unrealized losses on bonds net of hedges and the quality of the large loan book funders ultimately finance. Furthermore, Credit Suisse is taking advantage of its improved liquidity to launch buybacks of some debt securities. This move improves equity at the margin and engineers a near-term short squeeze, reversing dynamics associated with bail-in risk. However, the key vulnerability remains: the Swiss National Bank can provide $54 billion of liquidity and still be well collateralized. But given the nature of Credit Suisse's assets, it cannot escalate without taking on a lot of credit risk. This would have to be mitigated with additional equity, likely involving bail-in of Credit Suisse's debt. So there is a risk of returning to unstable dynamics. SVB Financial Group has filed for Chapter 11 bankruptcy, but its securities and funds continue to operate as normal. The Chapter 11 process will allow SVB Financial Group to evaluate strategic alternatives for its businesses and assets, especially SVB Capital and SVB Securities. The hope is to preserve the value of the company and sell off parts of the capital structure for pennies on the dollar.