"This time is different"! More and more people on Wall Street are betting that the rebound of China stocks will continue.
①With a series of bullish policy announcements and the continued hot market, the latest comments from many Wall Street banks have added fuel to the enthusiasm on Wall Street, making more Wall Street traders believe in the sustainability of this rebound; ②According to a Bloomberg survey, out of 12 Wall Street investors surveyed this week, 8 believe that now is the turning point for a long-term rebound in China's stocks.
US stocks close | US PCE inflation cools down, S&P Nasdaq falls but Dow hits new high; China concept index surges 24% for the whole week, jd.com hits fourteen-month high.
US PCE inflation cooling solidifies the confidence of the Fed in rate cuts, but US stocks fell in the afternoon, with nvidia dropping nearly 4% at one point. China's stimulus policies drove the Chinese concept index up by 4%, nio inc rose by nearly 13%, pan-European stock indexes and German stocks hit new highs for two consecutive days, luxury goods stocks rose again. The Dow, S&P, and Nasdaq have all risen for three consecutive weeks, with two China-focused ETFs achieving the best weekly gains in history.
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