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The minutes of the June meeting mentioned three times that the Fed really lacks confidence in rate cuts.
Some FOMC members pointed out that if the job vacancy rate drops to 4.5%, it may have already approached or exceeded certain thresholds, meaning that the future unemployment rate will rise more sharply. Most members believe that as the economy gradually cools down, the huge economic pressures faced by low-income households are a major concern for the Fed.
Express News | Reminder: The US stock market will be closed on July 4th for Independence Day.
Is the Stock Market Closed on Thursday? Trading Details for July 4th
The 'best contra-indicator' for the U.S. stock market has resigned.
JPMorgan's Chief Strategist Marko Kolanovic initially bullish sentiment led to a big drop in the US stock market. However, when he turned bearish, the US stock market rose sharply, making him a perfect "contrarian indicator".
Kaiyuan Macro: AI will drive the US stock market up another 27%, but we need to beware of complacency leading to sorrow!
Kaitu Macro's chief economist pointed out that AI is a bubble that is doomed to burst, but it will continue to expand until then.
Rumors of Biden dropping out this weekend? The market is pricing in this possibility, with the return of "Trump trade".
The global market has begun to quickly adjust investment portfolios in preparation for the "Biden withdrawal" and the return of the "Trump trade", including a strong US dollar, steep US bond curve, as well as the rise of banks, medical and energy stocks.