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Robust employment data has completely shifted the market towards expectations of rate hikes, but Citi economists countertrend to firmly stick to their forecast for rate cuts, becoming the loneliest voice on Wall Street. May's non-farm payroll data exceeded all expectations, triggering a dramatic selloff in the bond market.

``` Bitcoin suffered a major blow this week, falling to its lowest level in more than six months under multiple bearish factors, clearly shaking confidence in the crypto market. On Friday, Bitcoin touched a low of $59,099.25, the lowest since October 2024, with a daily decline of 3.4%

Similar to the “citizen dividend” proposal put forward by officials in South Korea’s presidential office, the Trump administration is now planning a nationwide redistribution of AI wealth. On June 5, according to Bloomberg, during a press conference on Air Force One, Trump said he intends for the federal government

``` Huajian Morning Voice Listeners are advised to upgrade to the latest version of the Jianwen APP to successfully listen to the following audio. Market Overview The stronger-than-expected US non-farm employment data for May triggered market concerns about a Fed rate hike this year, causing a sharp drop in highly crowded,

``` Technology stocks suffered their biggest decline in months, Bitcoin fell below the $60,000 mark, and all this happened just as Elon Musk’s SpaceX is preparing for the largest IPO in history. On June 5th, according to Wallstreetcn, May’s nonfarm payroll data far exceeded expectations, dispelling hopes for

``` SpaceX’s initial public offering subscription has already surpassed the total shares available for issue, standing on the verge of setting a record for the largest IPO in history. According to Bloomberg, after conducting one-on-one roadshows with institutional investors, subscription orders for this SpaceX IPO have exceeded the available share

After the US stock market opened on Friday, the common shares of Fannie Mae and Freddie Mac surged, following President Trump’s remarks that the two mortgage financing giants might be worth “$1 trillion.” However, as market skepticism grew, both companies later gave back most of their gains. On Thursday