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Mike Bell, Head of Market Strategy at RBC BlueBay Asset Management, said that the U.S. midterm elections are unlikely to be a major driver of financial markets.AI Related trades, U.S. foreign policy, and the Fed's policy response are attracting greater attention.
Chicago Fed President Goolsbee said that AI infrastructure investment is driving up the costs of electricity, construction, land, and equipment, and that inflationary pressures could broaden and affect the Federal Reserve’s rate-cut path.
As of October 7 the week, money market funds attracted 166400000000 USD in inflows, the largest amount in a single week since 2020 years April. Michael Hartnett said that, before sustained and substantial rate cuts, cash may not flow back into stocks on a large scale.
HTX Research analyst Chloe believes that tightening policies in the U.S. and Japan and persistently high interest rates may prompt global leveraged capital to withdraw, and said that BTC has fallen below 83,000 USD。
PANews, citing The Block, reported that QCP Capital in its fourth-quarter outlook, 80000 to 90000 USD range as the base case for Bitcoin and listed the conditions for a break above 100000 USD and a break below 68000 USD.