5YYMAIN Micro 5-Year Yield Futures(JUL4)
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Micro 5-Year Yield Futures(JUL4) News
Bond market madness returns! Investors are rushing into long-term bond ETFs, betting on the Fed's significant 300 basis points interest rate cut.
With the market's reevaluation of the Fed's interest rate cut expectations this year, investors are flocking to long-term bond ETFs for safe haven.
Long the US long bonds! The inflow of funds into the popular US bond ETF TLT has reached a record high.
Blackrock's long-term bond ETF received a daily inflow of $2.7 billion, with investors boldly betting on at least four rate cuts in the next nine months.
Futu Morning News | Nvidia's shareholders' meeting held! Next target will be industrial robot market; Amazon rose nearly 4%, with a market cap breaking through $2 trillion for the first time.
The Japanese yen fell below the 160 mark, reaching a record low since 1986; Micron fell over 7% after-hours, with better-than-expected results but unimpressive guidance for the next quarter.
The Federal Reserve's annual stress test results: banks have passed the stress test, paving the way for increased spending.
The annual stress test results of the Federal Reserve show that in a series of "extremely unfavorable" economic scenarios where the US unemployment rate soared to 10%, the stock market value plummeted by 55%, and commercial real estate prices plummeted by 40%, all 31 participating banks in the test did not fall below the bottom line of the minimum capital requirements, demonstrating the resilience and stability of the US banking industry in the face of potential economic risks. The banking industry is very optimistic about this and has increased its share buyback efforts, and there is also a possibility of a trend towards a more relaxed regulatory environment.
How long will it take for US inflation to return to 2%? Economist at the Cleveland Fed: if the economy does not decline, it will take another 3 years.
If the improvement of the supply chain no longer drives the decline in inflation, then the only thing that can bring downward pressure is economic recession. And if there is no recession, then more patience is needed, and it will take some time for inflation to return to 2%.
Former New York Fed Chairman warns that high US debt levels could awaken the "bond market vigilantes".
Former New York Fed Chairman believes that the true threat of the massive US fiscal deficit is that the "bond market vigilantes" rebellion often comes suddenly and cruelly.
US Stock Market Outlook: Goldman Sachs predicts that the S&P 500 index will hit a new high in July; Nvidia shareholder meeting and Micron quarterly report are both coming, rising over 2% before the market opens.
BNP Paribas: with the Fed rate cut approaching, the S&P 500 index will maintain a "buy on dips" pattern; Rivian soaring nearly 42% pre-market, announced a joint venture with Volkswagen to develop the next generation of electric autos and software; FedEx surging over 14% pre-market, annual profit guidance exceeding expectations.
Don't be afraid of high prices, for memory stocks, new highs are better than lows, according to Daiwa.
Buying when memory stocks reach new highs is more likely to be profitable than buying when stock prices hit new lows. As long as there are people in the market who question the stock price, it means that the stock still has potential for growth, but the ultimate determinant is the company's earnings ability, not the valuation.
Daily Option Tracking | Nvidia rose more than 2% in pre-market trading, multiple call options doubled and increased significantly; Carnival Cruise Line rose nearly 9% after the earnings report, options trading surged.
Tesla's overnight options trading volume was 1.3 million contracts, and the call-to-put ratio decreased to 61%. Multiple call orders were active on the options chain, among which the call with the expiration date on Friday and the exercise price of $190 had the highest trading volume, reaching 122,000 contracts, with an open interest of 35,000 contracts.
Futu Morning News | Nvidia returns to the $3 trillion club! Receives support from famous investors; rate cut in sight? Fed Governor Lael Brainard: inflation control is now in sight
BNP Paribas: With the approaching of the Fed's interest rate cut, the S&P 500 index will maintain a "buy on dips" mode; Rivian receives a $500 million investment from Volkswagen in Germany, and the stock price soars more than 50% after hours; Novo Nordisk's semaglutide for obesity treatment has been approved in China, and the stock price hits a new record high again.
UBS Group: The first rate cut by the Federal Reserve will be in September, and the market has underestimated the extent of this round of rate cuts.
UBS economists believe that US economic data will continue to weaken in the coming months and emphasize that the endpoint of the Fed's current easing cycle is more important than the starting point.
Americans are working hard to shake off the "atmosphere of decline" and are increasingly concerned about inflation.
According to a research report, 84% of American adults still consider inflation as their biggest concern, followed by housing prices and interest rates.
Trump battles Biden! The first round of the US election debate will take place this Friday. Which stocks are worth betting on?
Current 81-year-old President Biden will have a fantastic showdown with former President Trump, who just celebrated his 78th birthday. The first round of the oldest presidential debate in history is set to take place in the morning of the 28th at 9am EST.
US Stock Market Outlook | Federal Reserve Governor Bowman made a heavy statement: no rate cut action is expected in 2024; nvidia rose more than 2% before the market, expected to end the continuous decline.
Janet Yellen's harsh criticism of the US economy: Inflation could drop to the 2% target next year, and there will be no recession. How big is the potential of Apple AI trade-ins? JPMorgan says that a one-year "super cycle" will be hard to replicate, and the industry is more likely to experience "stair-step climbing" over two years.
Express News | UBS Group: The 10-year US Treasury yield is expected to fall below 4% by the end of the year.
Federal Reserve Board member Bowman stated in a significant manner that she holds an open attitude toward raising interest rates.
On Tuesday, Federal Reserve Board Governor Bowman stated that now is not the appropriate time to start cutting interest rates. She added that if inflation does not fall, she will maintain an open attitude towards raising interest rates.
Daily options update | Nvidia fell nearly 13% in three days, and major investors are betting on a rebound with call options; Trump's media rose over 10% before trading, with a call option exploding 30 times.
The options volume of Carnival Cruise Line overnight reached 240,000 contracts, a nearly 270% surge from the previous trading day, and the call ratio rose to 70%. On the options chain, call options with a strike price of $18.5/$16.5 due on Friday had the highest trading volume, both exceeding 16,000 contracts, with open interest of approximately 1,300 contracts and 9,000 contracts respectively.
Futu Morning News | AI stocks collectively fell back! Nvidia fell nearly 13% in three days; not only Huang Renxun, other chip companies' executives are also selling shares.
The Federal Reserve has proposed a more relaxed version of banking capital reform; the bitcoin fund's largest outflow in two weeks since the approval of the ETF; Trump Media & Technology Group rose more than 21%, expected to receive $69.4 million after exercising warrants.
What's this signal? Is the frenzy of the major technology stocks pausing as nvidia continues to fall?
The trading congestion of the current US stock market has reached the highest level since this round of bull market. Whether the rise of large technology stocks led by Nvidia can continue has always been the focus of Wall Street debate.
Fed's Mester: Fed needs to have an open attitude towards actively selling mortgage-backed securities.
Meister said that it is reasonable to gradually return the interest rate to a more normal level if the economic performance meets expectations.