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.
Heavyweight week is coming! USA PCE data accompanied by speeches from Federal Reserve officials take turns to appear, with many central banks possibly joining the rate cut trend.
This week, the global financial markets will see a number of important data and heavyweight events.
After the Fed cut interest rates, high valuations have become a major concern for the market.
US stocks and bonds are valued higher than the levels at the start of the past 14 easing cycles by the Federal Reserve, making them more susceptible to negative news.
Bull market boosts confidence! Goldman Sachs anticipates S&P 500 reaching 6,000 points by the end of the year: Expecting a rebound after short-term volatility.
Goldman Sachs global market director Scott Rubner said that the US stock market is expected to rebound before the end of the year, but it will rebound only after experiencing unfavorable short-term situations such as technical positioning, capital flows, and pre-election anxiety.
Harris caught up later? The approval rating has continued to rise, now leading Trump comprehensively.
① Recent polls have shown that Harris' approval ratings have significantly increased in both the United States as a whole and key swing states, surpassing Trump. ② Economists analyze that although Harris is the Vice President, she has successfully avoided public criticism of Biden's policies, and some of her campaign promises have gained the support of voters.
The Fed's unprecedented interest rate cuts have prompted Wall Street to urgently search for a new script.
In the case of the Federal Reserve cutting interest rates and the economy remaining stable, the overall call is a winning weapon.