Global TradFi & Macroeconomics

SPDR Gold Trust, the world's largest gold ETF, saw holdings increase by 4.566 tons yesterday, bringing total holdings to 1,003.59 tons.

According to Brian Garrett, senior derivatives trader at Goldman Sachs, credit risks from massive artificial intelligence capital expenditures have begun spreading beyond the technology sector into broader financial markets this week. Garrett noted that ultra-scale data center operators' credit spre

US Treasury yields rose on the 20th, with the 10-year note climbing 5.60 basis points to 4.5980% as of 3pm Eastern Time, as Yemen's Houthi rebels declared a maritime blockade against Saudi Arabia and UK Prime Minister Andy Burnham stated his government would use "all flexibility" within existing

According to Deputy Governor Zou Luan of the People's Bank of China (PBOC), the second half of 2026 will see monetary policy strengthen countercyclical and cross-cyclical adjustments based on domestic and international economic conditions. As government bond issuance accelerates in the third

Kim Byung-yeon, researcher at NH Investment & Securities, projected on the 20th that the KOSPI floor stands at 6000 points despite the index falling over 25% from its peak this month. The assessment came during a press conference in Yeouido, Seoul, where Kim stated that even accounting for current n

Major hyperscalers including Alphabet, Microsoft, Meta, and Amazon will begin releasing second-quarter earnings reports starting July 22, with market focus intensifying amid AI peak-out concerns that have driven sharp declines in semiconductor stocks. Samsung Electronics and SK Hynix, which hold

Capital B, a Paris-listed bitcoin treasury company, announced a 10-for-1 reverse stock split effective September 8, reducing outstanding shares from 300,650,632 to 30,065,063 and increasing the par value per share from €0.08 to €0.80. The consolidation is designed to attract institutional

According to NH Investment Securities analyst Kim Byung-yeon, South Korea's KOSPI index has fallen more than 25% from its recent high as of July 20. The analyst forecasts a support level at 6,000 points, noting that even when accounting for current negative market sentiment, the index is unlikely to

According to Barron's on Monday (July 20), the S&P 500's earnings yield fell to 4.95%, dropping below the 30-year U.S. Treasury yield of 5.07%, pushing the stock risk premium into negative territory at -0.12 percentage points on Friday. This marks the lowest risk premium since July 2007, occurring i

According to Hana Securities, earnings reports from Alphabet, Microsoft, Meta, and Amazon starting July 23 will significantly influence semiconductor stocks globally and local Korean semiconductor shares in particular. The four tech giants are projected to spend a combined $900 billion on capital

According to Bitcoin.com News, from July 13 to July 17, U.S. spot Bitcoin ETFs recorded $75.67 million in net inflows for the week, recovering from a $425 million outflow on Monday, while Ether ETFs led all categories with $105.44 million. Blackrock's IBIT drove Bitcoin flows with $204.1 million in

Capital B SA announced a 10-for-1 reverse stock split set to take effect on September 8, according to a regulatory filing. The consolidation will reduce outstanding shares from 300,650,632 to 30,065,063, with each new share carrying a par value of €0.80, up from €0.08. The implied post-split share p

According to Korea Exchange, the KOSPI trading volume dropped to 33.2 trillion won yesterday (July 19), down from 51 trillion won, as retail investors exited positions amid AI profitability concerns and Middle East geopolitical uncertainties. Retail investor deposit balances have also declined,

According to CME Fed Watch as of July 21, the probability of the Federal Reserve maintaining interest rates unchanged in July stands at 84.5%, with a 15.5% probability of a 25 basis point rate hike. Looking ahead to September, the Fed has a 36% probability of holding rates steady, a 55.1% probabilit

The U.S. dollar strengthened on July 20 (Monday), with the Dollar Index (DXY) rising 0.2% to 100.94, as Middle East tensions escalated and geopolitical risk sentiment lifted. President Trump posted on Truth Social that Iran would pay "many times over" for each U.S. soldier killed, instructing

US retail investors are shifting capital from Magnificent 7 stocks to AI infrastructure companies including SK Hynix and Intel, according to fund flow tracker VandaTrack cited by the Wall Street Journal on May 19 (local time). During May 1-17, US retail investors net purchased $194 million in Intel

Market experts Dave Weisberger, Peter Tchir, and David Duong discussed Bitcoin's price outlook and macroeconomic influences on cryptocurrency markets. Academy Securities Macro Strategist Peter Tchir highlighted Bitcoin's resilience despite recent sell-offs in semiconductor and AI stocks, while Weisb

According to Wall Street Journal citing Vanda Research, on July 19, U.S. retail investors redirected capital from Magnificent 7 tech giants to AI infrastructure companies including Intel and SK Hynix. During July 1-17, Intel received net inflows of $194 million, 3.7 times Microsoft's $52 million.

Over 1.16 million South Korean investors completed basic leveraged ETF education in H1 2026, a 19-fold increase from the prior year's 60,972. Financial Investment Association data submitted to lawmaker Kang Myung-gu showed ₩13.4 trillion flowed into 16 Samsung Electronics and SK Hynix single-stock l

According to Bloomberg, the correlation between South Korea's KOSPI index and the Nasdaq 100 has surged to 0.46 over the past 60 days, nearly triple the five-year average of 0.16, as the Korean tech-heavy index increasingly serves as a leading indicator for global AI trading. International