Submitted by QTR's Fringe FinanceIf you’ve been a long-time follower of mine, you know that I’ve consistently made two points over the last 10 years. First, technical analysis doesn’t mean shit—it’s a backward-looking tool that has limited use in predicting the future. Second, I’ve often said that some days you wake up and everything is just different than it was the day before.Today made both points. Along these lines, I didn’t see too many technical analysts, CNBC guests, or sell-side dildos predicting wh ...

The South Korean tax agency has told crypto holders that officers will visit their homes to seize cold wallets if they fail to pay their tax bills. The South Korean newspaper Hankook Ilbo reported that the comments came from the National Tax Service (NTS) on October 9. A tax office in the South Korean city of Paju. (Source: Choi Gwang-mo ) South Korean Tax Agency: We Can Confiscate Your Cold Wallet Tax bodies around the country have already launched crackdowns on local tax evaders that hold crypto wall ...

It's time to spotlight equity capital markets. Joining us now is Samuel Kerr, the global head of equity capital markets at Merger Market. Samuel, thank you for being with us today.You know, equity capital markets are at their most bullish that we've seen in years in the wake of this IPO wave that we've had in 2025. You What do you think is the driver behind this massive uptick we're seeing. Thanks so much for having me.No, I think it's been a fascinating year. It's been a real one of huge demand for IPOs. O ...

黄金市场动态 - 黄金价格创下每盎司4000美元的历史新高，并正经历自1970年代以来表现最好的一年 [1] - 经济不确定性、美元走弱以及对通胀的担忧是推动投资者转向黄金这一避险资产的主要因素 [1] 投资者行为与市场情绪 - 投资者现在将黄金视为安全的避风港资产，其方式类似于过去看待美元的方式 [1][3] - 出现一种趋势，即外国投资者在获得美国资产敞口的同时，会将其回报对冲回本国货币，这反映了投资者既想投资美国企业，又希望对冲美国风险的双重心态 [2] - 除了黄金，其他美元替代品（如加密货币）也出现了惊人的升值，这表明出现了显著的远离美元的资产通胀 [3] 对美国市场的担忧 - 市场曾担忧投资者从以美元计价的资产中撤离，这种担忧在特朗普总统的关税政策导致美股下跌并引发被称为“卖出美国”交易的抛售时达到顶峰 [3][4] - 尽管华尔街多数卖方分析师认为“卖出美国”的担忧被夸大，并且随着总统缩减关税并开始达成贸易协议，这种趋势已基本得到纠正，但担忧情绪曾短暂存在 [4] - 对美国债务问题的担忧被列为对美国经济担忧清单的首位，两党政策制定者均被指存在“挥霍无度的支出”行为 [5] - 特朗普政府的放松管制政策被认为在一定程度上释放了市场的“动物精神”，从而影响了资产价格 [6]

Inflation is substantially about target and substantially above target in all forecasts for next year. It means part of the reason the dollar's depreciated by about 10% in the first half of this year. It's the single biggest decline.In the US dollar in six months. In 50 years, gold is is at record highs and the appreciation in other dollar substitutes, to use that word loosely in items like crypto for example, is is is unbelievable. So we're seeing substantial asset inflation away from the dollar as as peop ...

The SEC just made a move that could make life a little easier for crypto firms. Its Division of Investment Management put out a no-action letter saying it’s not going to crack down on advisers or funds that use state-chartered trust companies to hold crypto. That’s a pretty big deal, especially considering how rigid things have been up until now. It gives firms more options for storing digital assets without worrying about stepping on a regulatory landmine. What the No-Action Letter Actually Says Here’s ...

美国政府停摆事件 - 美国政府于周三进入停摆状态，引发全球市场对经济潜在影响的讨论 [1] - 此次停摆的时机尤为关键，原定于周五发布的美国就业数据将被推迟，这为美联储在下次会议前几周的政策前景蒙上阴影 [2] - 前总统特朗普威胁将利用此次停摆实施公共部门的大量裁员 [2] 历史停摆对市场影响 - 根据美国银行数据，近期政府停摆期间，标普500指数平均净变化为上涨1%，波动率指数(VIX)平均净变化为0点，美元指数(DXY)平均净变化为下跌1%，10年期国债收益率平均净变化为下跌4个基点 [4] - 历史数据显示，政府停摆对市场影响通常有限且短暂，例如2018年12月22日至2019年1月25日为期35天的部分停摆期间，标普500指数上涨6% [4][15] 当前市场即时反应 - 美国风险资产周三表现不稳，黄金作为避险资产年内第39次创下历史新高 [5] - 欧洲股市早盘小幅走高，亚洲股市涨跌互现，全球政府债券市场降温，但美国10年期国债收益率因私人就业数据意外下降而下跌4个基点 [5] 专家对市场影响的观点 - 专家指出停摆加剧了对美国制度可信度、财政状况和“功能失调”的担忧，可能对全球资本市场的长期期限溢价构成压力 [6][7] - 若停摆持续至月底并接近2018-2019年的纪录，可能影响美联储月底的政策决定，进而影响全球资本流动、利率和外汇价值 [12] - 联邦工作人员的大规模裁员可能导致美元进一步贬值，资本流向欧元和日元，并对欧洲工业产生连锁反应，德国汽车等出口需求将显著下降 [12][13] 投资策略建议 - 有分析认为投资者应忽略停摆担忧，重点关注其他市场驱动因素，如美联储持续降息、强劲的企业盈利以及稳健的人工智能资本支出和货币化 [18] - 尽管数据发布暂停可能使美联储在10月决策时缺乏最新的劳动力市场数据，但市场普遍预期美联储将在10月29日会议上降息25个基点 [17][18]

Turkish lawmakers are reportedly planning to consider legislation that would grant the country's financial crimes watchdog sweeping new authority to freeze bank and crypto accounts suspected of illegal activity. The draft bill would empower Masak, Turkey's financial intelligence unit, to take direct action against accounts suspected of criminal use across financial institutions and cryptocurrency platforms, according to a Bloomberg report citing people familiar with the matter. Under the proposed framewo ...

文章核心观点 - 文章探讨了通过高收入、极端储蓄和激进投资以实现30岁前退休（FIRE）的可行性，并引用了ChatGPT提供的具体规划策略 [1][2][3][4][5][6] 收入最大化策略 - 实现年轻退休的首要步骤是尽早最大化收入，以在短期内快速积累资本 [2] - 具体策略包括选择高薪行业、利用独特技能、发展多重收入流，以及通过在高薪市场工作但居住在低成本地区来实现“地域套利” [3] 储蓄要求 - 为实现约10年工作后退休的目标，建议将70%至90%的收入进行储蓄 [3] - 以年薪20万美元为例，通过将生活开支控制在2万至4万美元，可实现每年16万至18万美元的储蓄额 [3] 退休年限估算 - 退休所需年限的估算公式为：目标储备金除以年储蓄额 [4] - 例如，若退休需要100万美元，且每年储蓄20万美元，则大约需要5年时间达成目标 [4] 投资策略 - 为实现快速资本增长，必须进行激进投资，建议的投资工具包括历史年回报率在7%至10%的股票市场指数基金、能产生现金流的房地产以及企业股权 [5] - 此外也提及高风险高回报的投资选择，如初创公司、加密货币和天使投资，但提示这些投资存在风险 [5] 退休规划的现实考量 - 对“退休”的定义需保持现实，FIRE运动中的“精简FIRE”模式意味着依靠每年2万至4万美元的低支出生活，这需要50万至100万美元的投资本金 [6] - 若期望每年支出8万至10万美元，则所需的投资本金为200万至300万美元，这些估算基于每年提取4%本金的“4%原则” [6]

Joining us now with where else customers are buying is Robin Hood's chief brokerage officer, Steve Kirk. And Steve, good to have you here. Just characterize what the activity level is, whether it seems as if your customer base is uh is taking on more risk, looking for different uh places that have not yet moved as much or how are they behaving.Sure. Thanks for having me, Mike. Um so I would characterize their behavior as still very engaged.If you look at um our volumes uh across all asset classes, equities, ...