The mystery of the US interest rate cut remains to be seen! How will Powell "fight with Congress" during his trip to Capitol Hill tonight?

① In the next two days, Powell will personally visit Capitol Hill to face the members of Congress. ② According to the schedule, at 22:00 Beijing time tonight, Powell will be the first to deliver semi-annual monetary policy testimony to the Senate Banking Committee. ③ At the same time tomorrow night, Powell will also visit the Financial Services Committee of the House of Representatives.

cls.cn15:25

The U.S. stock market once again hit a new high! Goldman Sachs joined the bearish camp: the "August Curse" is coming.

Goldman Sachs' global market department director and strategy expert Scott Rubner released a report on Monday, stating that as a large outflow of funds from the stock market, the US stock market will experience two painful weeks in a row since early August. Rubner said: 'Painful trading has turned from upward to downward. The best trading days of the year have passed, buyers have already bought to the full, and ammunition is running out.'

Zhitong Finance14:40

Trump will announce his vice presidential candidate at the latest next Monday, and the most likely candidate is him?

On Monday night, former US President Trump said that he has not made a final decision on the Vice President candidate for this year's election, but plans to announce it in the coming week. Currently, it is widely expected that his Vice President candidates include Republican senators JD Vance and Marco Rubio. This article will briefly introduce the background of these two people.

cls.cn14:01

AI boom sweeping the fund market! Nvidia beats Tesla to become the most favored asset of a single ETF stock.

Thanks to the continuous prosperity of AI, Nvidia now dominates a company’s ETF with more than half of the assets in the so-called single stock ETF, totaling over 6 billion USD.

Zhitong Finance13:01

Both Morgan Stanley and Goldman Sachs warned of a possible US stock market pullback in the third quarter!

Analysts believe that the third quarter is a period of seasonal fluctuations, especially when signs of overheating are evident. Morgan Stanley said that there is a high probability of a 10% pullback between now and the election. Goldman Sachs believes that if corporate earnings disappoint, the US stock market is expected to have two painful weeks starting in August.

wallstreetcn12:45

[Live coverage of the Asian market] Did China's central bank's move equivalent to a rate hike? Today, we closely watch Powell's testimony, waiting with bated breath after the plunge in gold prices.

On Tuesday, July 9, most Asian stock markets rose, following another historic high of the S&P 500 index, while traders awaited Jerome Powell's testimony to Congress and the start of the US earnings season.

FX16811:23