A week ahead | Powell and Fed officials speak intensively! The Fed's most favored inflation indicator is about to be released.
Micron Technology, Costco, and many other companies have successively released their financial reports. In addition, the Japanese stock market was closed on Monday for the autumnal equinox; on Tuesday, the Reserve Bank of Australia announced its interest rate decision, and RBA Governor Lowe will then hold a press conference on monetary policy; on Thursday, the Swiss National Bank announced its interest rate decision.
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Can interest rate cuts solve the "overvaluation risk" of US stocks and bonds?
Taking the 2008 financial crisis as a lesson, if the USA has already or is about to start declining, even a significant interest rate cut cannot prevent the arrival of a bear market. According to goldman sachs's latest research reports, if the economy has already entered a recession before the first interest rate cut, then the s&p 500 index is expected to drop an average of 14% in the next year.
Bank of America's Hartnett: How to determine if the Fed's large interest rate cut is backfiring?
Hartnett believes that the Fed's "panic rate cut" on Wall Street, when there was no panic, triggered investors' excessive optimism.
Harris accepted CNN's invitation for the second debate and called on Trump to "fight again."
①Harris posted on social media platform, saying:"I am glad to accept the second presidential debate on October 23rd, and I hope Trump can join." ②Currently, Trump's campaign team has not responded to Harris's invitation.
After the resolution, the two heavyweight voting members spoke out, Goldman Sachs: suggesting that the Federal Reserve may slow down the pace of interest rate cuts, it's hard to say in November.
Goldman Sachs stated that the current market expectation is a 25 basis point interest rate cut in November and December. However, there is still significant uncertainty whether there will be a 50 basis point interest rate cut in November.
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After the significant rate cut, did the Federal Reserve start a new expectation management?
Federal Reserve Governor Michelle Bowman insists that a smaller rate cut by the Federal Reserve this week is more preferable. Bowman is the only member of the Federal Reserve to dissent from the latest rate cut policy decision, stating that she is inclined towards a smaller rate cut (25 basis points) rather than 50 basis points.
After the Federal Reserve significantly lowered interest rates, Morgan Stanley CEO poured cold water on the prospect of a "soft landing" with a skeptical attitude.
Damon expressed doubts about whether the US economy can achieve a soft landing after the Federal Reserve's first interest rate cut in over four years.
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JPMorgan CEO Dimon: The possibility of a soft landing for the US economy is relatively low.
Damon believes that inflation will not easily fade away. He has previously warned multiple times that inflation may be more stubborn than investors expect, due to factors such as fiscal deficit spending.
U.S. stock market closing | The 'Triple Witching Day' saw violent fluctuations in the final trading hour, with the Dow hitting a new all-time high; Intel surged in the final hour, gold reached a new high, and the offshore RMB rose by 300 points.
The Dow Jones hit a new high, while small-cap index fell more than 1% after seven consecutive gains, and the S&P briefly stopped falling in late trading. The Dow rose 1.6% for the week, the Nasdaq rose 1.5%, and energy stocks drove the S&P up 1.4%, the fifth consecutive weekly gain in six weeks, with small-cap stocks rising more than 2% and China concept stocks rising nearly 4% for the week.