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US stocks in early trading | The three major indexes rose collectively, Chinese concept stocks and technology stocks strengthened collectively, Li Auto Inc rose nearly 9%, Tesla rose over 3%.
USA retail sales exceeded expectations in August, indicating that the consumer situation in the USA remains healthy. The Federal Reserve will begin its two-day monetary policy meeting today and announce the meeting results tomorrow. Wedbush brokerage stated that AI stocks like Nvidia will benefit from the Fed's rate cut.
Preview of US stocks | August retail sales data exceeds expectations, three major futures indices slightly rise; Bullish news frequently! Intel pre-market up nearly 7%.
Microsoft is giving out "red envelopes": dividend increase of 10%, planning to repurchase up to 60 billion US dollars; "New Fed Communication Agency" reiterated uncertainty: the magnitude of the first interest rate cut is still suspenseful.
SA Sentiment: Will the Fed Cut Rates by 50 or 25 Basis Points?
The market expects a 50 basis point rate cut, which is not enough! US lawmakers have sent a joint letter to Powell calling for a 75 basis point rate cut.
The futures prices on Monday reflected that investors expected a 50 basis point rate cut from the Fed this week, with a probability of close to 60%. Blackrock said the market's pricing of the rate cut cycle was a bit overdone, while a joint letter from Democratic senators warned that being too cautious about the rate cut would unnecessarily expose the economy to the risk of a recession.
Futu Morning Post | Senators jointly write to Powell, urging a 75 basis point rate cut this week; Intel to customize AI chips for amazon, with stock soaring over 11% after hours.
Barclays argues that if Trump implements unilateral forex intervention to weaken the US dollar, the cost will be too high; Ultraman has left the OpenAI safety and security committee, which will be chaired by Zico Kolter.
US stocks closing | The three major indexes have mixed gains and losses, with the Dow hitting a new high! The performance of technology stocks is divergent, with Intel up more than 6% and Apple down nearly 3%.
On the eve of the Federal Open Market Committee (FOMC) meeting, there was continued rotation in the U.S. stock market, with investors selling technology stocks and buying blue chip and small cap stocks.