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On March 29th, The Kobeissi Letter released a market analysis indicating that US technology stocks have entered a relatively undervalued territory. The S&P 500 Information Technology Index's forward Price-to-Earnings (P/E) ratio is currently only 4% higher than that of the S&P 500, the lowest level since January 2019. This premium has fallen by 32 percentage points since October 2025, representing one of the largest discounts on record.

In simple terms, US tech stocks are currently at their cheapest level relative to the broader market in seven years. For comparison, during the peak overvaluation of tech stocks in June 2024, the tech sector was approximately 47% more expensive than the S&P 500. Tech stocks are now trending towards being less valued than the S&P 500 for the first time since 2017. Kobeissi Letter suggests it might be time to buy tech stocks.

Note: Based on current market data, the forward P/E ratio of the S&P 500 Information Technology Index is still around the low 20s, while the forward P/E ratio for the overall S&P 500 is around 20 to 21, placing it in a relatively low valuation range in recent years. Historically, when the relative valuation of tech stocks has significantly declined, subsequent performance divergence has often occurred. However, whether it is 'worth buying' still requires comprehensive judgment based on factors such as the macroeconomic environment, corporate earnings growth, and interest rate trends.

[Analysis: US Tech Stocks at 7-Year Low Valuation Relative to Broader Market]On March 29th, The Kobeissi Letter released a market analysis indicating that US technology stocks have entered a relatively undervalued territory. The S&P 500 Information Technology Index's forward Price-to-Earnings (P/E) ratio is currently only 4% higher than that of the S&P 500, the lowest level since January 2019. This premium has fallen by 32 percentage points since October 2025, representing one of the largest discounts on record.

In simple terms, US tech stocks are currently at their cheapest level relative to the broader market in seven years. For comparison, during the peak overvaluation of tech stocks in June 2024, the tech sector was approximately 47% more expensive than the S&P 500. Tech stocks are now trending towards being less valued than the S&P 500 for the first time since 2017. Kobeissi Letter suggests it might be time to buy tech stocks.

Note: Based on current market data, the forward P/E ratio of the S&P 500 Information Technology Index is still around the low 20s, while the forward P/E ratio for the overall S&P 500 is around 20 to 21, placing it in a relatively low valuation range in recent years. Historically, when the relative valuation of tech stocks has significantly declined, subsequent performance divergence has often occurred. However, whether it is 'worth buying' still requires comprehensive judgment based on factors such as the macroeconomic environment, corporate earnings growth, and interest rate trends.

Analysis: US Tech Stocks at 7-Year Low Valuation Relative to Broader Market

On March 29th, according to Alternative data, the cryptocurrency Fear and Greed Index has once again fallen below 10, currently standing at 9. Yesterday it was 12, and the monthly average was 13, indicating that the market continues to remain in a state of 'extreme fear'. Note: The Fear and Greed Index ranges from 0-100 and includes the following indicators: Volatility (25%), Market Volume (25%), Social Media Sentiment (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends analysis (10%).

[Crypto Fear and Greed Index Drops to 9, Market Remains in 'Extreme Fear']On March 29th, according to Alternative data, the cryptocurrency Fear and Greed Index has once again fallen below 10, currently standing at 9. Yesterday it was 12, and the monthly average was 13, indicating that the market continues to remain in a state of 'extreme fear'. Note: The Fear and Greed Index ranges from 0-100 and includes the following indicators: Volatility (25%), Market Volume (25%), Social Media Sentiment (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends analysis (10%).

Crypto Fear and Greed Index Drops to 9, Market Remains in 'Extreme Fear'

On March 29, according to the Islamic Republic News Agency of Iran, the United States and Israel attacked an Iranian port near the Strait of Hormuz on the 29th, resulting in 5 deaths and 4 injuries. (Xinhua News Agency)

[US, Israel Strike Iranian Port Near Strait of Hormuz, 5 Dead]On March 29, according to the Islamic Republic News Agency of Iran, the United States and Israel attacked an Iranian port near the Strait of Hormuz on the 29th, resulting in 5 deaths and 4 injuries. (Xinhua News Agency)

US, Israel Strike Iranian Port Near Strait of Hormuz, 5 Dead

On March 29th, the Israel Defense Forces (IDF) announced today (March 29th) that the Israeli Air Force conducted a large-scale airstrike on infrastructure in the core area of Tehran on the 28th. During this operation, the IDF further degraded Iran's weapons production infrastructure, striking dozens of weapons storage and production sites. As Iran has begun transferring its command centers to mobile units, the IDF destroyed several temporary Iranian command centers in this strike, including commanders operating within these headquarters. The IDF stated that this strike further weakened Iran's core system and operational capabilities.

[IDF Claims Strike on Iranian Temporary Command Centers]On March 29th, the Israel Defense Forces (IDF) announced today (March 29th) that the Israeli Air Force conducted a large-scale airstrike on infrastructure in the core area of Tehran on the 28th. During this operation, the IDF further degraded Iran's weapons production infrastructure, striking dozens of weapons storage and production sites. As Iran has begun transferring its command centers to mobile units, the IDF destroyed several temporary Iranian command centers in this strike, including commanders operating within these headquarters. The IDF stated that this strike further weakened Iran's core system and operational capabilities.

IDF Claims Strike on Iranian Temporary Command Centers

Bitcoin Fear and Greed Index is 9. Extreme Fear.
Current Price: $66789.15.

[Bitcoin Fear and Greed Index is 9]Bitcoin Fear and Greed Index is 9. Extreme Fear.
Current Price: $66789.15.

Bitcoin Fear and Greed Index is 9

On March 29th, during an interview, US Vice President Vance stated regarding the Iran issue that the United States has no intention of remaining in Iran and will withdraw soon after handling current affairs. There is every reason to believe that the US has already accomplished all its military objectives. The reason military operations have not yet concluded is that US President Trump wants to ensure Iran is completely incapable of threatening the US. As for the current rise in oil prices within the US, Vance indicated that this is an extremely brief market reaction to the US-Israel-Iran conflict, and oil prices will fall after the US withdraws from Iran. (CCTV International News)

[Vance: US Not Intending to Stay in Iran, All Military Objectives Met]On March 29th, during an interview, US Vice President Vance stated regarding the Iran issue that the United States has no intention of remaining in Iran and will withdraw soon after handling current affairs. There is every reason to believe that the US has already accomplished all its military objectives. The reason military operations have not yet concluded is that US President Trump wants to ensure Iran is completely incapable of threatening the US. As for the current rise in oil prices within the US, Vance indicated that this is an extremely brief market reaction to the US-Israel-Iran conflict, and oil prices will fall after the US withdraws from Iran. (CCTV International News)

Vance: US Not Intending to Stay in Iran, All Military Objectives Met

On March 29, according to HTX market data, Bitcoin has broken through $67,000, with a 24-hour increase of 1.38%.

[Bitcoin Surges Past $67,000, Up 1.38% in 24 Hours]On March 29, according to HTX market data, Bitcoin has broken through $67,000, with a 24-hour increase of 1.38%.

Bitcoin Surges Past $67,000, Up 1.38% in 24 Hours

On March 29th, Glassnode stated that Bitcoin is currently at the lower boundary of the new buyer cost basis range ($60,000 to $70,000). Supply accumulation within this price range is noticeable, but compared to historical precedents that drove strong recoveries, the density of current coin clusters is relatively thin. Structurally, the current accumulation pattern is constructive, but its strength is still insufficient, and clear upward momentum signals have not yet formed.

[Analysis: Bitcoin at Lower End of New Buyer Cost Basis Range, Upward Momentum Unclear]On March 29th, Glassnode stated that Bitcoin is currently at the lower boundary of the new buyer cost basis range ($60,000 to $70,000). Supply accumulation within this price range is noticeable, but compared to historical precedents that drove strong recoveries, the density of current coin clusters is relatively thin. Structurally, the current accumulation pattern is constructive, but its strength is still insufficient, and clear upward momentum signals have not yet formed.

Analysis: Bitcoin at Lower End of New Buyer Cost Basis Range, Upward Momentum Unclear

On March 29th, Artelo Biosciences, a Solana treasury company listed on the US stock market, announced the private placement sale of a total of 3,188,407 shares of common stock at a price of $3.45 per share, raising a total of $11 million. The new funds will be used for general corporate purposes and to repay a portion of transitional debt. Artelo currently holds 45,883 SOL.

[Solana Treasury Company Artelo Biosciences Raises $11 Million]On March 29th, Artelo Biosciences, a Solana treasury company listed on the US stock market, announced the private placement sale of a total of 3,188,407 shares of common stock at a price of $3.45 per share, raising a total of $11 million. The new funds will be used for general corporate purposes and to repay a portion of transitional debt. Artelo currently holds 45,883 SOL.

Solana Treasury Company Artelo Biosciences Raises $11 Million

European Union leaders see a digital euro undertaking as an opportunity to preserve the value of the shared currency.
“The entry of big tech into payments could increase the risk of market domination and dependence on foreign payment technologies with consequences for Europe strategic autonomy,” European Central Bank President Chistine Lagarde said today in a video statement opening the Digital Euro Conference in Brussels.
“We are lacking a pan-European digital solution for payments. If we do not come with solutions, others will,” Breton continued.
The ECB is currently investigating the possibility of launching a CBDC. Once the prototype is designed and evaluated, the ECB will announce by September 2023 whether a realization phase will follow.

Detail

【A CBDC could protect euro dominance, say EU leaders】European Union leaders see a digital euro undertaking as an opportunity to preserve the value of the shared currency.
“The entry of big tech into payments could increase the risk of market domination and dependence on foreign payment technologies with consequences for Europe strategic autonomy,” European Central Bank President Chistine Lagarde said today in a video statement opening the Digital Euro Conference in Brussels.
“We are lacking a pan-European digital solution for payments. If we do not come with solutions, others will,” Breton continued.
The ECB is currently investigating the possibility of launching a CBDC. Once the prototype is designed and evaluated, the ECB will announce by September 2023 whether a realization phase will follow.

A CBDC could protect euro dominance, say EU leaders

Article

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Iran Claims Destruction of Two US Military Tanker Aircraft

BTC fell below 67000  USDT

A CBDC could protect euro dominance, say EU leaders

Isenção de responsabilidade：O conteúdo acima não representa as posições da HTX.，A HTX não faz quaisquer recomendações de negociação.。

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