Global macroeconomic risks escalated sharply: a rebound in US CPI coupled with geopolitical conflicts dashed expectations of interest rate cuts, making a rate hike more likely; US and Japanese bond markets experienced an epic sell-off, with the 30-year US Treasury yield breaking through 5.20%, putting pressure on global stock markets. Ahead of Nvidia's earnings report, bulls and bears clashed: technical indicators were extremely bearish, but Goldman Sachs remained bullish; Google's stock price fell after its IPO, while memory chips and Bakkt bucked the trend and strengthened. Bitcoin fell for the fifth consecutive day: ETFs saw nearly $1 billion in outflows over two days, with macroeconomic tightening suppressing risk assets. #InterestRateHikeFears #USTreasuries #NvidiaEarningsReport #BitcoinFalls
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