Stablecoin Market - Token Terminal 指出美元在稳定币竞争中是最大的赢家 [1] Market Analysis - 该报告可能分析了稳定币市场的竞争格局，以及美元在该市场中的主导地位 [1]

Stablecoin Market - The US Dollar is potentially the biggest winner in the stablecoin market [1]

RT Bloomberg en Español (@BBGenEspanol)🇦🇷 Milei cambia su estrategia con el dólar: Argentina ya compró casi US$1.000 millones tras una advertencia del FMI. Antes, Milei evitaba la compra de dolares para no emitir pesos y poner en riesgo la inflación. @ioliveradoll explica https://t.co/GoDXbGmwp2 https://t.co/gSEgAgdLdq ...

Group 1 - The company has received over 180 five-star reviews from members who are experiencing benefits from its investment strategies [1] - The company invests significant resources, over $100,000 annually, into researching profitable investment opportunities [1] - The US Dollar Index (DXY) has decreased by approximately 10% this year, marking a challenging period for the U.S. dollar [1] Group 2 - Samuel Smith has extensive experience as a lead analyst and Vice President at dividend stock research firms and operates a dividend investing YouTube channel [2] - The High Yield Investor group, led by Samuel Smith, focuses on balancing safety, growth, yield, and value in investment strategies [2] - The services offered by High Yield Investor include real-money portfolios, trade alerts, educational content, and an active community of investors [2]

We don't predict the Taiwan dollar would we uh we simply described the potential impact to us and as I said there are six factors affecting the profitabilities. uh foreign exchange rate is something that we cannot control but there were such ex uh instances before where the foreign exchange rates uh was not in our favor but we managed to lean on other factors uh so that we are able to keep our profitability and that's what we are planning to do. Do you have contingency plans in place for a more rapid apprec ...

Purchasing Power of the US Dollar in June since 1950:• 1950: $1• 1975: $0.55• 2000: $0.14• 2025: $0.07 ...

Market Outlook & Investment Strategy - The firm suggests rotating into value and small-cap stocks, as they have underperformed in the first half of the year [5] - The firm is at target for large-cap stocks but overweight in small-cap and non-US equities, believing there is better value in these areas for the second half of the year [6] - The firm has been bullish on Japan for a number of years due to strong improvements in corporate governance and better returns for shareholders [7] Currency & Economic Factors - The dollar index was down 11% in the first half of the year, marking its worst performance since 1973 [7] - The firm anticipates potential dollar weakness, especially if the Federal Reserve reduces rates by 100 basis points over the next year [8][9] - A softening dollar is seen as a reason to be overweight in developed markets outside the US [10] - Fiscal stimulus in Europe, particularly in Germany, is expected to be beneficial [6] Sector Analysis - There was a rotation out of higher multiple sectors like tech and AI into lower multiple sectors like consumer discretionary [2] - Financials are favored due to the prospect of less stringent regulation and potential capital returns [15][16] - The firm believes that progrowth policies and less regulation will benefit small and mid-cap companies more significantly [13] Risk Factors - Headline risk related to tariffs, particularly with Japan and China, remains a concern [16][17][18]

Interest Rate and Bond Market - The market anticipates potential rate cuts by the Federal Reserve, influenced by Powell's testimony, which outlines paths to rate cuts, contingent on factors like tariffs [3] - Without tariffs, rates could potentially be 100 basis points lower, influencing bond yields [4] - The Fed might consider a smaller rate cut in September, followed by a potentially larger cut, depending on upcoming data [4] - Faster and sooner rate cuts by the Fed could lead to rising yields [5] Treasury Market and Foreign Buyers - Concerns about foreign buyers stepping away from treasuries have diminished amidst the equity rally [6] - There's still pressure on the long end of the yield curve due to the budget bill, energy shocks, and tariffs, potentially leading to higher yields [6] - The current counter-rally might be driven by domestic players and technical factors, but the underlying story of pressure on the long end hasn't fundamentally changed [6] Dollar and Currency Dynamics - The dollar is near a three-year low, potentially due to relief in markets benefiting other currencies [7] - Currencies benefiting from tariff or geopolitical relief tend to rally, while the dollar weakens [8] - If treasuries face more pressure, the dollar is likely to weaken [8]

Fed Policy & Interest Rates - The CNBC Fed survey projects the Fed funds rate to be at 389% by the end of the year [1] - The base case expectation is that the Fed will cut rates one to two times this year, aligning with the Fed's communication [2] - The Fed's policy statement is expected to remain unchanged, with any news potentially emerging from the statement of economic projections [3] - The Fed is expected to maintain its current stance, awaiting further data to clarify inflation expectations [7] Economic Uncertainty & Geopolitical Factors - There's increased uncertainty due to the Middle East situation, reciprocal tariffs, and unclear US-China relations [4][5] - Geopolitics is playing a bigger role in inflation expectations [6] - The Fed's tools are limited in addressing changes in trade policy, the political environment, and geopolitical factors [6] US Dollar & Treasury Market - The dollar has shown weakness, with a temporary rebound as a flight to safety [8] - Foreign buyers have reduced their holdings of US Treasuries, decreasing from 50% to 30% over the past decade [8] - Dollar depreciation is anticipated to continue marginally, with treasury market volatility expected, especially in the long end [13] Investor Sentiment & Market Dynamics - Investors, including sophisticated institutional investors, are questioning their geographic allocation to US assets [10] - The depth and liquidity of US markets, including treasuries, the dollar, and private assets, remain robust [11] - There is still no alternative to the US dollar [12] - A transition is occurring that matters for flows and valuations, but it is marginal from a geopolitical perspective at the moment [12]

There's the dollar melting away below 98. It's now at its lowest level since March of 2022, and it's down about 10% against a basket of currencies year to date, as you can see there. Outflows fueled by the president's trade policies, rising odds of a Fed cut, and more.Our next guest, though, knows it's good news for another asset class, the rise of crypto. Mike Novagrath is founder and CEO of Galaxy Digital. They also had an IPO lately, Mike.Uh, it's good to see you again. I think what was the high we hit o ...