Economy

Well-known economist Henrik Zeberg predicts that US stocks may experience a large-scale “blow-off top” pattern in the next few months and encounter one of the largest crashes in history.

Zeberg tweeted that the stock market may be on the rise, whiledollar index (DXY) may be falling.However, withdollar indexSoaring parabolicly, the stock market will crash.

Zeberg said: “We are going to have the biggest stock/risk asset crash since 1929! Deep recession! But first it will be an unbelievable pullback from the top that pulls investors into the wrong side before the stock market crashes.”

“Top-off” means a sharp rise before the bubble peaks, followed by a slump.

Marko Kolanovic, chief market strategist at JPMorgan Chase, also said a few days ago that the Chicago Board Options Exchange Volatility Index (VIX) showed abnormal calm, which is likely to cause trouble for investors who think that the calm market is the best time to buy.

Kolanovic noted that this metric is unusually low given rising interest rates, tightening financial conditions, economic risks and heightened geopolitical tensions, a market dynamic that also artificially dampens perceptions of economic fundamental risk. He suggested that investors use the market strength brought regarding by the upcoming earnings report as an opportunity to reduce their holdings of stocks.

Ann-Katrin Petersen, a senior strategist at BlackRock, also said that investors should remain cautious regarding US stocks because the market has not yet fully digested the impact of the Fed’s interest rate hike. The prevailing view on Wall Street is that corporate earnings will be flat this year, but Petersen thinks even flat is “on the bright side.”

The rain and strong winds of the last few hours affected the power grid in the Capitale-Nationale on Monday morning, so that more than 16,000 homes were plunged into darkness in the early morning.

• Read also: Weather: rainy and windy start to the week in Quebec

In total, there were 54 power outages in the region according to the Hydro-Quebec websitearound 8 a.m., i.e. 16,125 customers affected.

The sectors most affected are Charlesbourg, Shannon, Stoneham and Lac-Beauport, although there are several other outages to the west and north.

In most cases, it is reported that equipment failure, damage caused by vegetation or a planned outage by Public Security would be the cause.

It must be said that strong winds accompanied by rain swept the region during the night. Gusts of 82 km/h were recorded at 5 a.m. at Jean-Lesage airport.

A rain warning is also in progress, according to Environment Canada. From 30 to 50 millimeters of sometimes heavy rain are expected on the territory during the day.

“Torrential rains can cause flash flooding and water accumulation on roads. Flooding is possible in places in the lowlands,” warns the government organization.

As for power outages, Hydro-Quebec indicates that most of them should be settled in the morning.

The exchange Binance (Binance) launched the new coin mining project Sui today. The more BNB or TUSD you deposit, the more SUI token airdrops you can share. However, Binance discovered that Justin Sun’s team transferred more than 100 million TUSD..
(Recap:Binance Launches Sui New Coin Mining!For a limited time of two days, you can deposit BNB and TUSD to earn coins ）
(background supplement:Exclusive interview in the dynamic zone” Justin Sun: SEC is suing for trivial matters, the truth behind the listing of Pi coins, and fire must be hell ）

nowBinance Exchange has launched the new coin mining project Sui (SUI). Users can invest BNB and TUSD tokens in the Launchpool and get token rewards in the Sui mining pool. They can mine for 2 days in total. Since there is no upper limit on the BNB and TUSD that users can deposit, the amount of tokens invested in mining will be adjusted every hour, resulting in a situation where big investors eat meat and retail investors eat soup, but why did Binance CEO Changpeng Zhao shout on Twitter? Where is Justin Sun? It turns out that the amount of TUSD invested by TronDAO is too much, and retail investors may not even have soup left.

Justin Sun transferred 115 million TUSD to Binance

This (1st) followingnoon, it was detected on the chain that Justin Sun transferred 115 million TUSD in his wallet to Binance, which surprised the community that he might use this huge sum of money to participate in Sui’s new coin mining. Sun himself immediately postedsay：

As a cooperative market maker of TUSD, the main purpose of TRON DAO Venture depositing into the exchange is to level the price difference of major TUSD and increase the liquidity of pending orders and trading volume. The purpose is not to participate in activities in related exchanges. Please be aware.

But things seem to be as predicted by the community. Some of the funds transferred by Justin Sun have been invested in Binance Launchpool, which has affected Binance’s response.

In response to this incident, Binance CEO CZ posted on his personal Twitter with a stern attitude:

Our team told Justin Sun that if he uses any of the TUSD transferred to Binance to get Sui tokens mined by new coins, we will take boycott action.

The purpose of Binance Launchpool is to provide airdrops for our ordinary users, not just for a few whale users.

On the bright side, the blockchain is really transparent…

Our team told Justin, if he uses any of these to grab the LaunchPool Sui token, we will “take action once morest it”. SMH.

Binance LaunchPool are meant as air drops for our retail users, not just for a few whales.

On the bright side, blockchains are transparent… https://t.co/8Xs1oXjfVd

— CZ ???? Binance (@cz_binance) May 1, 2023

Sun Yuchen responded urgently: the team members were mistakenly saved

The matter of transferring huge sums of money to participate in new currency mining was put on the table by CZ, and Sun Yuchen also hurriedlyrespond once morethe staff made a misjudgment and accidentally deposited it into the new coin mining:

After investigation, TRON DAO Venture, a cooperative market maker of TUSD, has completed a cumulative transaction volume of 40 million US dollars in the past few hours, which has played a role in maintaining the price stability of TUSD. It is true that some colleagues used part of the funds to participate because they did not understand the purpose of the funds. We have contacted the exchange as soon as possible to refund the exchange activity funds in full. We apologize for this mistake! Hope everyone knows!

The new currency airdrop event caused controversy over whale activities, so it came to an end, and the distribution of Sui should not be disturbed, but there are still many netizens in the community, who still leave messages to criticize Sun Ge for “even retail investors want to grab money”, ” Pass it on to your subordinates.”

????Related reports????

Binance Launches Sui New Coin Mining!For a limited time of two days, you can deposit BNB and TUSD to earn coins

Open Campus ($EDU) has a secret to Binance IEO?Backed by Animoca’s Web3 education prospects

Exclusive interview in the dynamic zone” Justin Sun: SEC is suing for trivial matters, the truth behind the listing of Pi coins, and fire must be hell

By…Je Ratchada

www.HoonSmart.com “Present the Truth in Every Investment” for the 6th year on May 2, 2023

@@@ marketThai stocks on the end of the weekBefore a long holiday for 3 days, there are no new positive factors. Swing within a narrow range Adjustdown 2.11 points close at 1,529.12 points Trading value 45,043 million baht

@@@ Foreigners sell hard 2,722 million baht. Broker accounts net sales of 364 million baht, while mutual funds and retail buy net 1,820 million baht and 1,265 million baht respectively.

@@@ This week’s trend is expected to continue to fluctuate in a narrow range. Investors are still waiting to see the outcome of the Fed meeting. Consider further raising interest rates and the market will be open for business for only 2 days (May 2-3), since May 1 is the national labor day, May 4 is the Coronation Day and the 5th May is a special holiday.

@@@ Another relief for STARK “Stark Corporation” when the meetingThe bondholders pass a resolution waiving the event of default. Delayed submission of 2022 financial statements forAll 5 debentures Causing not to be called to pay all debts, totaling 9 billion baht immediately Will spend time preparing the financial statements for the year 2022 to send to the stock market Just in time for extending in May-June.

@@@ Equity NUSA (Nusasiri) unanimously voted Green light to buy DEMCO shares Going forward with full energy business Synchronize power between businesses for the most sustainable and balanced way. Prepare Spin-Off 2 Subsidiaries World Medical Alliance and My Ozone hit the stock market in a few years.

@@@ priceReally cheap AQUA (Aqua Corporation) “Yut Chinsupakkul” Chairman of the Board of DirectorsBuy 3,847,100 shares price 0.59 baht/share

@@@ Asking each other a lot OTO What BIG CHANGE will he have?There will be new allies atComes with a big project be plump It is a business that is in a megatrend. You can prepare for a big party. This deal is not normal, at the beginning of May, you will know each other, I guarantee that the mercury heat is broken.

@@@ announceLooking for 2 missing people Sia Pu “Sompong Cholkadeedumrongkun” and “Teerachai Rattanakamonporn” atAllocated 5 million POLY shares each. Price 6.80 baht and ranked in the top 10 list of major shareholders When it entered the market in Nov. last year But following closing the shareholders’ meeting on March 13, 2023, it appeared thatThe name has already disappeared from the directory.…. Mina, the price that used to be hotter, made a high of 15.90 baht, then slowly flowed down to only 10.70 baht.

Sister Ratchada loves everyone : www.HoonSmart.com Know the news before anyone, know quickly, know deeply