This week's hot US stocks: "Interest rate trade" and "Trump trade" dominate the market! Strong gains in US regional bank stocks, while MSTR, a currency-holding stock, jumped more than 11% this week.

With the change in expectations for the Fed's interest rate cuts and the increasing probability of former US president and Republican candidate Trump winning the US election again, the trading logic of the market seems to have changed overnight: the US stock sectors have undergone violent rotation, technology stocks have sharply retreated, cyclicals and small-cap stocks have rebounded strongly.

Futu News18:32

Investment banks are discussing! The initial application for unemployment benefits in the USA reaches a record high, and the FED may become more certain to cut interest rates.

①In the week ending July 13th, the number of initial jobless claims in the USA reached the highest level since August 2023. ②Texas had the largest increase in first-time unemployment claims last week due to the impact of Hurricane "Peridot". ③Analysts believe that the data clearly points to a cooling labor market, providing further reasons for the Federal Reserve to start cutting interest rates soon.

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Taking history as a warning! What was the performance of the US stock market the last time a US president gave up re-election?

Some senior Democratic officials believe that pressure from party members and close friends may persuade Biden to withdraw from the campaign as early as this weekend. Looking back over the past few decades, the last time a US president announced he would not seek re-election dates back to Lyndon B. Johnson in 1968. So, how did the US stock market fare at the time?

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Breaking News! Trump's party convention delivered the longest nomination speech: "I will end the electric car directive on my first day in office".

Former US President Donald Trump officially accepted the presidential candidacy nomination at the Republican National Convention and delivered a one hour and thirty-three minute speech. During this heavyweight speech, Trump replayed in detail the events of his shooting last weekend. He also pledged to revive American employment opportunities, curb US inflation, and restore America's global image by lowering taxes and increasing tariffs.

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Two officials of the Federal Reserve indicated that it is necessary to reform the discount window tool.

Boorman, a director of the Federal Reserve, and Logan, the president of the Dallas Federal Reserve, suggested that the Federal Reserve should assess to what extent its emergency lending tools can meet the liquidity needs of the banking system, implying the need to reform the discount window.

Zhitong Finance13:30

Both the US stocks and bonds market encountered selling pressure, and Biden's 'withdrawal rumors' continued to stir up Wall Street.

On Thursday, under the influence of rumors about whether Biden will withdraw from the election almost every other time, both the US stock and bond markets faced selling pressure; The Dow Jones Industrial Average fell more than 500 points, ending its six-day streak of gains; In the bond market, the 'Trump trade' overwhelmed the 'interest rate cut trade' overnight, helping to push US bond yields higher again.

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