Hawkish Walsh Speech Triggers Dollar Surge as Gold and Bitcoin Plunge
@Shernice軒嬣 2000:
Yesterday’s Jackson Hole speech showed that Walsh is significantly more hawkish than the market expected, rather than dovish. Right after the speech, the U.S. dollar and Treasury yields surged, while gold and Bitcoin dropped sharply. While these initial moves were normal, the market subsequently displayed major contradictions: Cloud giants like $Amazon.com(AMZN)$ , $Alphabet(GOOG)$ , and $Microsoft(MSFT)$ rallied strongly, while semiconductors and growth stocks slumped. This semiconductor pullback was heavily pressured by
