Crypto markets have had a positive weekend, holding on to and marginally improving gains made late last week.
The next seven days will see the release of the Federal Reserve’s minutes from its last meeting, which could shed more light on the direction of monetary policy as inflation continues to climb.
Meanwhile, the US stock market capitalization topped $80 trillion, setting a new record, and now accounts for around 48% of global market cap.
“We expect another volatile week ahead as markets brace for earnings season,” said the Kobeissi Letter.
June S&P Global Services purchasing managers’ index (PMI) data is due on Monday, painting a broader picture of economic activity. This report is followed on Tuesday by ADP Employment Change data.
Wednesday will see the FOMC minutes, the first for new Chairman Kevin Warsh. The central bank held rates steady, but inflationary pressures from higher energy prices could prompt it to raise them.
“I think it’s going to be interesting to see how the discussion went around the table, how incrementally hawkish are they leaning,” said Matthew Miskin, co-chief investment strategist at Manulife John Hancock Investments.
“That’s what investors and markets are going to be wondering: What is this new Fed chairman and updated (Fed policymaking body) looking for to decide the path of rates from here?”
Initial Jobless Claims data is due on Thursday, while full-time employment dropped by 514,000 in June to its lowest since December 2024. “The weakness in the US labor market is accelerating,” said Kobeissi.
1. June S&P Global Services PMI data – Monday
4. Initial Jobless Claims data – Thursday
5. June Existing Home Sales data – Thursday
— The Kobeissi Letter (@KobeissiLetter) July 5, 2026
Also this week, SpaceX (SPCX) is set to join the Nasdaq 100 index, and another quarterly earnings season will begin this month.
Crypto markets are holding gains this Monday morning in Asia, with total capitalization up 1.1% on the day to $2.26 trillion.
小靓分析：
🦊 小靓解读
本周核心变量是美联储会议纪要，通胀持续高企背景下，市场关注点在于降息预期是否会进一步推迟，这对风险资产构成短期压力。
📊 市场影响
美股创80万亿美元新高，加密市场资金面或承压，若纪要释放鹰派信号，BTC可能回测60,000美元支撑位，ETH同步承压；反之，若偏鸽则有望短期反弹。
💡 操作建议
建议降低杠杆仓位，观望周三FOMC纪要发布后再做方向判断。短线可关注PMI数据对市场情绪的即时影响，但不要追涨杀跌。
风险提示：
该资讯来源于公开渠道，仅供参考。Traceless 无痕智盈平台不对此信息准确性做任何保证。