On November 19, the article said that recently, the opinion of "not being a mad cow, but a slow cow" has been controversial, especially interpreting it as a signal of cooling down the market, which is a typical misreading. From the perspective of policy implementation results and future expectations, regulators have been pursuing medium and long-term sustainable positive effects, echoing the slow bull market in capital markets. Slow bull is not only not for market cooling, but to improve the quality and time of the bull market. Class A shares need a steady and steady spiral in the medium and long term, rather than the "falling and falling" after a short-term one-step surge. Only the slow bull market can accumulate a few steps to a thousand miles.
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Spot gold rose 0.88% to $3,084.25 an ounce; COMEX gold futures rose 0.59% to $3,116.6 in June, up 2.26% this week; both continued to hit record highs. COMEX silver futures fell 0.82% to $34.795 an ounce, up 3.71% this week.
U.S. stocks opened lower and went lower. All three major indexes closed sharply lower. The Nasdaq fell 2.7% and fell 2.59% this week; the S & P 500 fell 1.97% and fell 1.53% this week; the Dow fell 1.69% and fell 0.96% this week. Large technology stocks fell generally. Netflix, Google, Amazon, and Meta fell more than 4%. Tesla, Microsoft, and Intel fell more than 3%. Apple fell more than 2%. Nvidia fell more than 1%.
Fidelity bought nearly $100 million worth of Bitcoin today, and Fidelity's Bitcoin ETF (FBTC) received an inflow of $94.20 million from Coinbase Prime, according to the latest data from Arkham. As of now, the total value of Bitcoin held by Fidelity FBTC has reached $16.60 billion.
According to AXIOS, a senior White House official has revealed that the Trump administration is unexpectedly considering higher taxes on wealthy Americans. Some White House officials believe that higher taxes on high-income groups will provide room for other priority issues. It also helps to blunt attacks from Democrats at a time when Republicans are trying to extend President Donald Trump's 2017 tax cuts.
According to market news, the U.S. Commodity Futures Trading Commission (CFTC) has withdrawn its advisory opinion on the listing of virtual currency derivatives.
On March 29th, according to the US Geological Survey Earthquake Information Network, a magnitude 6.6 earthquake occurred in the central waters of the Mid-Atlantic Ridge at 1:17 am Beijing time on the 29th. The epicenter was located at 0.72 degrees north latitude, 29.76 degrees west longitude, and the focal depth was 6.4 kilometers.