Arthur Hayes: I have sold all my HYPE and NEAR holdings, and will explain the reasons in detail in next week’s article.
BlockBeats reported that on June 4, Arthur Hayes posted on social media stating that he has just closed all his HYPE and NEAR positions. The specific reasons will be explained in the article "Reality Check" to be published next Tuesday. In short:
· The Iran war and inventory restocking have led to rising energy prices
· From now until the beginning of the third quarter, three major AI projects will go public through IPO
· Predicts that Trump will turn against AI to help the Republican Party win the midterm elections
· Believes the market peak will occur sometime between now and September
· It's time to take profits
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Apple (AAPL.US) nears a 5 trillion USD market capitalization, targeting Nvidia: the 1,999 USD foldable screen Duo becomes a critical battle.
Apple (AAPL.US) has unveiled its new iPhone, which could be the ticket for this consumer tech giant to reclaim its position as the most valuable company by market capitalization. The company is not far from reaching this goal.
Facebook and Instagram under Meta (META.US) experienced outages affecting thousands of users in the US last Sunday.
Thousands of users in the United States were unable to access Meta’s social platforms Facebook and Instagram last Sunday.
The Nasdaq 100 rebalancing will take effect before the U.S. stock market opens on Monday, SpaceX (SPCX.US) weight significantly rises to 2.82%.
The Nasdaq 100 Index quarterly rebalancing will take effect before the US stock market opens on September 21 (Monday). The main change is that SpaceX (SPCX.US) will see its index weighting significantly increase from about 1.28% to 2.82%.
WTI falls to near $93.50 as Middle East diplomacy hopes ease supply fears
Crypto prices
More
