Bank of America's floating losses have soared for several consecutive quarters!
The floating losses in the Bank of America industry continue to rise: last quarter, floating losses on investment securities surged to 118.4 billion USD, reaching 482.4 billion USD.
The "Trump recession" alarm has been sounded! Economic slowdown has returned to the market focus, with 29 trillion in U.S. debt becoming a safe haven.
As the weak USA economic data and escalating trade tensions undermine Consumer confidence and business activity, concerns about Global economic growth have once again become the focus of the financial markets.
Fact check: How much of Trump's economic speech in Congress is exaggerated?
Trump stated that tariffs will generate hundreds of billions of dollars in revenue and create unprecedented jobs. Is this really the case?
Trump's "abandonment of protection" for Europe completely ignites Global Defense stocks!
Since the beginning of this year, Germany's Rheinmetall has become the best performing stock in the MSCI World Index, while South Korea's largest defense group, Hanwha Aerospace's subsidiary Hanwha Ocean, has seen its stock price soar over 100%, leading its Asian peers. This wave of sharp gains has significantly elevated valuations, with Hanwha Ocean's current expected PE ratio at 52 times.
Global economic policy uncertainty is skyrocketing!
The economic policy uncertainty Index based on news reports has surged to the highest level on record. This exceeds the peak during the crisis in 2020.
Important data released during the Two Sessions: the budget deficit rate is planned to be set at 4%, with an additional government debt of 11.86 trillion this year, and the bond market has performed relatively strongly.
① This year, the total new government debt reached 11.86 trillion yuan, an increase of 2.9 trillion yuan compared to last year, with a significant increase in fiscal spending intensity. ② Government bond Futures opened higher, the 30-year Block Orders rose by 0.27%, the 10-year Block Orders rose by 0.14%, the 5-year Block Orders rose by 0.09%, and the 2-year Block Orders rose by 0.04%.