The US stock software stocks have crashed, with 110,000 people in the crypto market facing liquidations, and I... just lost my meal money #易理华割肉清仓
Last night's market was characterized by "droughts killing the dry, floods killing the wet".
First, let's talk about the US stock market, which is a tale of two extremes:
Storage chip stocks have gone crazy: Seagate Technology soared 11%, Western Digital and SanDisk rose over 8%, and Micron also surged——they say supply will remain tight until after 2026.
Software stocks have suffered: Cisco dropped over 9% overnight, marking its largest decline of 2023. Why? Because AI can now handle legal and financial tasks, who still buys SaaS? Wall Street was so scared it even coined a new term overnight: "SaaS Apocalypse".
Consumer stocks have stabilized: Walmart and McDonald's both set historical highs. Sure enough, no matter how much the world changes, people still need to eat.
Now looking at the crypto market, it seems to be in a state of pretending nothing is wrong:
Bitcoin rose 0.96%, reaching $67,747——sounds good? But if you look closely: 118,000 people were liquidated in 24 hours. What does this indicate? It indicates that both bulls and bears are calling each other fools, and no one is convincing anyone.
And me?
I did something particularly smart yesterday——
During the day, I saw that non-farm data exceeded expectations, thought the dollar would strengthen, and gold would drop, so I decisively opened a gold short position. #非农意外强劲
At night, gold surpassed 5100, and silver surged by 6%.
Me: ??? #黄金白银反弹
Now I am contemplating whether to eat instant noodles or steamed buns tonight.
But to be honest, over the past few days I have realized a principle:
Traditional assets (stocks, gold) now rely entirely on a single statement from the Federal Reserve to survive; whereas some things simply do not care whether tonight's non-farm payroll is 40,000 or 140,000.
For example, 💛♥️Puppies——🐩🦮🐕🦺
It was born from an old tweet by Ma, grew through community-driven spread, and even has the ridiculous yet heartwarming storyline of "V God selling coins for charity".
There are no earnings reports, no gross margin guidance, and no Wall Street analysts adjusting ratings for it.
Its value lies in a group of people finding it interesting, and then more and more gather around it.
When you are being tormented by Cisco's gross margin, Micron's production capacity, and the seasonal adjustments of non-farm payrolls to the point of losing hair——
Is there not a moment when you want to find a place where you don’t have to calculate these annoying things?
Did you make money tonight, or are you like me, contemplating a hundred ways to eat instant noodles? 🥲
