Powell leads the market, will the US stock market return to an upward trend?
Federal Reserve Chairman Powell sent the clearest signal to date at the Global Central Bank Annual Conference in Jackson Hole, suggesting that the Fed will begin cutting interest rates in September. He also believes that the US economy is growing at a "steady pace", alleviating concerns of an economic recession.
Only Mega-cap Outperforms More Than 15% YTD
Overseas major asset weekly report | Expected interest rate cut in September reignites US stock market, French stock market experiences largest decline in over two years, crude oil leads the commodity.
As inflation cools down, the US stock market continues to hit record highs, while French President Emmanuel Macron's "magic operation" triggers a dual kill of French stocks and bonds, and the price of gold has risen for the first time in four weeks. The US chip sector continues to lead the way.
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