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On September 9, the U.S. Treasury will buy back up to $6 billion in long-term bonds on Thursday. Previously, the U.S. Treasury indicated that before November 4, the size of a single long-term bond buyback would at least double to $4 billion.
On September 9, the U.S. Treasury will buy back up to $6 billion in long-term bonds on Thursday. Previously, the U.S. Treasury stated that before November 4, the size of a single long-term bond buyback would at least double to $4 billion.
Data from Bank of America shows that last week, the US stock market recorded its sixth largest weekly inflow since 2008, marking the largest scale since mid-July. Bank of America strategist Jill Carey Hall noted that this round of inflows was primarily driven by institutional investors and hedge fund clients, with net purchases of US stocks for the second consecutive week. The funds mainly flowed into individual stocks and equity ETFs. In terms of sectors, 8 out of the 11 sectors in the S&P 500 saw net inflows, with the technology sector leading the gains, and the communication services sector receiving inflows for the first time in five weeks. The industrial sector experienced the largest outflow, facing selling pressure for the fifth consecutive week, with Hall stating that this sector is the most competitive and has the highest costs. In terms of stock preferences, clients favored large and mid-cap stocks while selling small-cap stocks. In contrast to professional institutions, retail clients have been net sellers of stocks for six consecutive weeks.
Bank of America data shows that last week the US stock market recorded its sixth largest weekly inflow since 2008, marking the largest scale since mid-July. BofA strategist Jill Carey Hall noted that this round of inflows was primarily driven by institutional investors and hedge fund clients, with net buying of US stocks for the second consecutive week, focusing mainly on individual stocks and equity ETFs. In terms of sectors, 8 out of the 11 sectors in the S&P 500 saw net inflows, with the technology sector leading the gains, while the communication services sector recorded its first inflow in five weeks. The industrial sector experienced the largest outflow, facing selling for the fifth consecutive week, with Hall stating that this sector is the most competitive and has the highest costs. In terms of stock preferences, clients favored large and mid-cap stocks while selling small-cap stocks. In contrast to professional institutions, private clients have been net sellers of stocks for the sixth consecutive week.
On September 9, the U.S. Department of Justice and the Treasury took law enforcement action against the illegal scam service market Xinbi, seizing and restricting the disposal of over $52 million in cryptocurrency assets. This brings the total assets restricted by the task force to approximately $938 million. Tether assisted in the investigation. The Justice Department accused Xinbi of operating via Telegram, providing investment scam websites and money laundering services to scam groups. Law enforcement has seized its Telegram channel and two wallets holding about $12 million in cryptocurrency, and restricted the disposal of an additional 47 related wallets. The U.S. Treasury's Office of Foreign Assets Control has designated Xinbi as a significant transnational criminal organization and sanctioned two related entities. The task force also assisted Madagascar in shutting down 13 scam hubs, processing over 3,200 electronic devices, and arresting nearly 400 individuals.
On September 9, the U.S. Department of Justice (DOJ) and the Department of the Treasury took enforcement action against the illegal scam service market Xinbi, seizing and restricting the disposal of over $52 million in crypto assets. This brings the total assets restricted by the task force to approximately $938 million. Tether assisted in the investigation. The DOJ accused Xinbi of operating through Telegram, providing investment scam websites and money laundering services for fraud rings. Law enforcement has seized its Telegram channel and two crypto wallets holding about $12 million, while also restricting the disposal of an additional 47 related wallets. The Treasury Department's Office of Foreign Assets Control has designated Xinbi as a significant transnational criminal organization and sanctioned two related entities. The task force also assisted Madagascar in shutting down 13 scam hubs, processing over 3,200 electronic devices, and arresting nearly 400 individuals.
On September 9, the Philadelphia Semiconductor Index surged, currently up over 1%. Among the constituent stocks, Marvell Technology and Astera Labs rose over 6%, while Arm, Micron Technology, Coherent, and AMD all increased by more than 3%. Qualcomm gained nearly 2%, and ON Semiconductor rose over 1%.
On September 9, Dell Technologies (DELL.US) rose over 5%, reaching $562.99 and setting a new all-time high. The company's market capitalization reached $358 billion, with a year-to-date increase of 347%.
On September 9, Meta (META.US) surged over 6%, reaching a peak of $651.69, the highest since July 22, with a total market capitalization exceeding $1.6 trillion. In news, Meta officially launched its all-weather personal AI assistant Muse, which features a cloud-based virtual machine and operates 24/7, with capabilities for nighttime reflection and proactive planning. In terms of business model, Meta offers 100 million tokens for free each week and plans to generate revenue in the future by helping users complete business transactions through AI and charging a 'small commission.'
A report from Bitfinex Alpha indicates that Bitcoin has been trading sideways in the range of $77,100 to $81,300 over the past 20 trading days, with the current price nearing the lower support level of this range. If it breaks above $81,300, a volume vacuum above could drive the price up to $86,500. Ahead of the Federal Reserve's interest rate decision, the options market has shifted protection to contracts expiring on September 18. Bitcoin's volatility has decreased, and all 29 major cryptocurrencies rose last week, with Polkadot increasing by 43% and Zcash by 42%. This week, the open interest in altcoin perpetual contracts has surpassed that of Bitcoin for the first time.
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