Global TradFi & Macroeconomics

According to China International Capital Corporation (CICC), ANTA Sports (02020) maintained its outperform rating with a target price of HK$110.91 as of July 20, 2026, implying 50% upside. CICC kept its 2026-27 EPS forecasts unchanged at 4.98 and 5.37 yuan respectively, translating to 20x and 18x fo

Since taking office as chair in May, FED Chair Kevin Warsh has clearly said he will reduce external communications and reshape how forward-looking guidance is delivered, prompting Wall Street to rapidly adjust its policy-implied forecasting tools. This week, F/m Investments rolled out an AI tool called “WarshGPT.” It analyzes nearly 1,800 documents and speech transcripts from Warsh, aiming to help users understand how he may view issues related to the economy and monetary policy. Warsh’s shift i

Bank of America appointed executives to lead its digital assets and artificial intelligence divisions on the 18th (local time). Sonali Theisen was named head of the Global Digital Assets Platform, while Kevin Milsom was appointed head of Platforms AI Transformation. The appointments aim to

According to Jin10, as of 09:30 BJT on July 20, WTI crude oil futures rose 2.23%, while U.S. natural gas futures declined 0.79%.

According to Reuters and Bloomberg, Bank of America on July 18 appointed senior executives to lead its digital assets and artificial intelligence initiatives. Sonali Theisen was named head of the Global Digital Assets Platform, overseeing platform design, development, and governance while

IBM, Micron, and SanDisk stocks received divergent assessments following last week's declines, with IBM labeled 'dead money' unlikely to recover soon, according to Yahoo Finance reporting on the 19th local time. IBM's stock plunged 25% on the 14th after the company reported second-quarter revenue

According to Grayscale Research Chief Zach Pandl on July 15, 2026, if Bitcoin forms a solid bottom but trades sideways before recovery, a covered call strategy can generate income from Bitcoin volatility while managing spot price exposure. Assuming a spot price of $65,000 and 40% implied volatility

According to BlockBeats, on July 20, the Southbound Double Long Haixi (07709.HK) and Southbound Double Long Samsung Electronics (07747.HK) both opened 15% higher.

POSCO became the first Korean company to redeem foreign currency bonds early through a debt tender offer. The steelmaker recently redeemed approximately $360 million of $1 billion bonds issued in 2023, with the bonds originally set to mature in January 2028. POSCO undertook this measure to reduce fi

According to Yonhap Infomax, Posco recently early-redeemed $360 million of foreign currency bonds issued in 2023 through a debt tender offer on July 20, ahead of their January 2028 maturity. The bonds carry a 5.75% interest rate, issued when U.S. rates were rising. The early redemption is

China's central bank conducted 398.5 billion yuan in 7-day reverse repurchase operations today (July 20), with 224 billion yuan expiring. The operations resulted in a net injection of 174.5 billion yuan into the money

According to Iran's Islamic Revolutionary Guard Corps (IRGC), two tankers were destroyed after attempting to transit the southern route of the Strait of Hormuz. The IRGC warned that the strait will remain unsafe for transporting petrochemical products or any oil and gas shipments as long as the

According to China's interbank foreign exchange market, on July 20, the Chinese yuan weakened against major currencies. USD/CNY rose to 6.7948, up 14 points. EUR/CNY fell to 7.7570, down 61 points; GBP/CNY dropped to 9.1262, down 152 points; AUD/CNY declined to 4.7365, down 98 points; CAD/CNY

Semiconductor materials, parts, and equipment ETFs dominated weekly returns as investor funds rotated away from major chip stocks during a correction phase. Samsung Electronics and SK Hynix entered short-term pullbacks after rapid gains, prompting buying interest to shift toward equipment and materi

Korean retail investors net purchased over 34 trillion won in Samsung Electronics and SK Hynix stocks from June 16 to July 16, according to Korea Exchange data released July 20. The buying spree occurred as foreign investors sold 37.45 trillion won in the same two stocks during the period. Retail in

According to Economist, LG Electronics stock plummeted from 392,500 won on June 2 to 190,000 won range recently, despite recording record-high second-quarter operating profit of 1.58 trillion won. Market expectations for AI infrastructure cooperation with Nvidia had driven the stock rise in early Ju

According to Seoul Economic Daily, semiconductor supply chain ETFs posted strong gains this week as investors rotated capital from large-cap chip stocks like Samsung Electronics and SK Hynix to equipment and materials companies. South Korea's central bank is set to release second-quarter GDP data on

According to the Financial Investment Association, over 1.16 million South Korean investors completed mandatory education for leveraged exchange-traded funds (ETFs) in the first half of 2026, marking a nearly 19-fold increase compared to the same period last year. The surge in educational sign-ups

From 00:45 to 01:00 (UTC) on July 20, 2026, BTC fell by 0.41% over 15 minutes. Its price range was 64,411.7–64,822.2 USDT, with an Ampl of 0.63%. Over the past 24 hours, BTC’s price change was only -0.02%. The current offer is about $64,824.5. The intraday trading range is limited to $64,278–$64,970 (Ampl of about 1.1%). Overall, the market shows extremely low volatility characteristics: trading is thin and the filled amount is at a relatively low level. The main driver behind this abnormal move