🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
🔥Headline CPI and Core CPI both decrease more than expected - market reacts in opposite directions:
🔸CPI data for June shows that both goods and services prices have decreased (goods prices have experienced the sharpest decline in the past 20 years).
🔸The growth of housing (shelter) - the largest contributor to the CPI increase, also decreased sharply, falling to the lowest level since 2021. This has led to a sharp decline in the CPI.
🔸Lower-than-expected CPI has raised expectations of over 90% interest rate cuts in September. Both 10Y bond yield and DXY are plunging after the news. Everything looks beautiful, but strangely, the stock market is also declining.
🔸The bigtech team (NVDA, MSFT, GOOG, AMZN, META, AAPL) with large market capitalization have all broken, dragging down the overall index. However, the entire market fundamentally remains stable, without wholesale selling, real estate stocks are still pulling strongly.