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.

wallstreetcn45minutes ago

Express News | Multiple QDII funds announce purchase restrictions.

Breakings09:17

Tonight, Powell will once again face Congress.

As the U.S. stock market hits a new high, Powell will testify on Capitol Hill and face a "double squeeze" from both Democrats and Republicans. Democrats criticize the Fed for not lowering interest rates, while Republicans are dissatisfied with the new bank regulations that raise capital requirements. In addition, Powell's interpretation of the June non-farm and employment markets will also be a major focus.

wallstreetcn09:15

"Smart Money" accelerates the change of direction: Hedge funds are selling technology stocks and rushing into the energy and materials sectors at the fastest pace in five months.

However, materials and energy are still the least desirable industries for hedge funds to buy. Their long/short ratio is at or near its lowest level in five years.

wallstreetcn08:49

Futu Morning News | Hold Your Breath! Powell's Congressional Testimony Strikes Tonight; S&P Refreshes Highs for the 35th Time This Year, With Apple's Market Cap Back to the Top

The US Federal Reserve: Short-term inflation expectations of American consumers have fallen for two consecutive months, and expectations for house price increases have cooled. Biden issued an open letter emphasizing his firm candidacy and calling for party unity to defeat Trump. Key indicators warning of scarcity in the US financing market point to a recurrence of the 2019 cash shortage.

Futu News08:15

U.S. stocks closed with the S&P hitting a new high, Apple's market cap surpassing Microsoft, and Tesla having nine consecutive gains.

Taiwan Semiconductor and Arm both hit new highs, Nvidia rose nearly 2%, Intel and Super Micro Computer rose more than 6%.

wallstreetcn07:12