Bullish news for the property market in USA: the demand for mortgage refinancing has surged by 16%, with interest rates now at their lowest level in over a year.
Last week, mortgage rates in the USA dropped to their lowest level since May 2023, leading to a surge in demand for mortgage loans from homebuyers and existing homeowners.
ProShares Short Real Estate Declares Quarterly Distribution of $0.3117
Weekend Reading | Everyone's Favorite Index Fund, How Has It Changed Investing?
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ProShares Short Real Estate Declares Quarterly Distribution of $0.1917
US stocks closed | NASDAQ fell three times in a row, and S&P made a thrilling rebound; Nvidia's earnings report led to a sharp rise in chip stocks and AI concept stocks after the market
After the Federal Reserve's minutes, the US stock index hit a new low. The NASDAQ closed at a new low in nearly three weeks, and the S&P Dow turned higher at the end of the session. The minutes show that Federal Reserve officials are worried about cutting interest rates too fast and that the decline in inflation will stagnate.
Don't go against the Federal Reserve? Market interest rate cut expectations fell sharply, close to the Federal Reserve's guidance
The “surrender” of bond traders predicts that the Fed will cut interest rates 4-5 times this year, by 25 basis points each time, close to the Fed's guideline of cutting interest rates 3 times. This is in stark contrast to last December's bet on cutting interest rates starting in March, and the rate cut was as high as 175 basis points.
Strikingly similar? From macro to technology, Wall Street seriously discusses “1995 repeat”
The Federal Reserve begins a cycle of interest rate cuts, the US economy is still resilient, and the “internet age” of artificial intelligence is about to begin... everything is strikingly similar to 1995.
Weekly outlook | US CPI and horror data made a big debut; Hong Kong stocks opened on Wednesday, Hang Seng Index quarterly inspection released on Friday
During the Spring Festival, the Hong Kong stock market will be closed from Monday to Tuesday, and the market will open as usual from Wednesday; a number of Federal Reserve voting commissioners will speak this week. Recently, many officials have taken turns shouting, saying that they have found no reason to cut interest rates urgently, implying that interest rate cuts will have to wait until May at the earliest.
Does the split in US stocks make sense? 80% of S&P 500 companies exceeded expectations, and 38% of small-cap stocks suffered losses
“We still have to wait a quarter for profit growth in the large stock cycle sector and small to medium stocks to improve. Currently, it is still a profit market dominated by large stocks.”
Futu Morning Post | Federal Reserve Mester: I still prefer to cut interest rates three times this year; there is no need to cut interest rates hastily; China Securities earnings season has begun! Ali is on the list today
Another investment bank “punched in the face”, and Deutsche Bank retracted the judgment that “America will decline”; it's not just diabetes and weight loss! Eli Lilytilbotide is also expected to treat fatty liver disease; Palantir surged 30%, making a full year profit for the first time.
Federal Reserve Meester: I still prefer to cut interest rates three times this year; there is no need to cut interest rates in a hurry
① Meester said that she is in no hurry to start cutting interest rates. If the economy develops as expected, policymakers may gain confidence to cut interest rates “later this year”; ② interest rates are still expected to be cut three times this year, which is in line with the forecast she submitted before the Federal Reserve's December policy meeting.
Is it unlikely that the Fed will cut interest rates in March? Most officials agree, and there are also senior officials who publicly disagree
US Chicago Federal Reserve Chairman Goolsbee and Powell disagree, saying they don't want to rule out the possibility of interest rate cuts in March, but they need to see more data showing progress in fighting high inflation. Minneapolis Federal Reserve Chairman Kashkari said that the Federal Reserve has time to evaluate economic data before cutting interest rates, believing that the current interest rate policy may not be as tight as expected, and that neutral interest rates may have risen.
Futu Morning Post | US companies may start a wave of trillion-dollar repurchases in 2024! This will be a potential catalyst for US stocks
Non-farm payrolls have exploded, and expectations of interest rate cuts have been falling steadily; Meta's stock price has soared to a record high of 20%, and investment banks say its AI potential can rank in the top three of the “Big Seven”; Pharmaceutical Ming Kangde: The company did not pose a national security risk to any country in the past, present, or future.
Professional institutions look at this year's FED interest rate cuts: there aren't that many times; the time is later than expected!
① According to the latest survey of professional institutions, only 9% of respondents believe that the Federal Reserve will cut interest rates in March; ② the futures market shows that the possibility of cutting interest rates in March is 37%; ③ the futures market has absorbed expectations of cutting interest rates five to six times this year, and the average number of respondents to the Federal Reserve survey expect to cut interest rates a little more than three times.
BlackRock: Expecting a soft landing in the US, it will upgrade the US stock rating to gain weight
In response to expectations of a “soft landing” in the US economy and subsequent US stock trends, BlackRock began to shift from prudence to optimism.
“New Federal Reserve News Agency”: The sharp drop in inflation brings new problems to the Federal Reserve “Real interest rates are rising”
A rise in real interest rates adjusted for inflation will inhibit economic activity and may cause the Federal Reserve to cut interest rates early.
Early trading of US stocks | The three major indices had mixed ups and downs, semiconductor stocks weakened, Intel fell more than 11%, and AMD fell nearly 2%
Traders weighed in on a series of disappointing performance reports, and as more economic data came out, investors' confidence in the economy achieving a soft landing was further strengthened.
The Federal Reserve's most popular inflation indicator has slowed beyond expectations, yet expectations of interest rate cuts are getting cold again! Quick look at the interpretation
PCE data is mixed. This indicator that the Federal Reserve is closely watching unexpectedly accelerated, and traders now believe that the possibility of cutting interest rates in March is less than 50%.
US Stock Outlook | New low in nearly 3 years! The core inflation indicator favored by the Federal Reserve fell below 3%
The US core PCE price index rose 2.9% year on year in December, estimated at 3.0%; has Tesla's “die-hard fan” wavered? Wedbush lowered its target price; LVMH's earnings report was strong: the cold economic wind could not stop the demand for luxury.
The biggest economic event for US stocks this week! Will PCE announce tonight that the Federal Reserve is winning the “inflation war”?
Economists believe that if tonight's data falls below this level, superimposing the core PCE data for the fourth quarter, it will confirm that the Federal Reserve “has completed its work.”