Are there risks of the US stock market returning to the 1930s?

Richard Bernstein believes that although the current US stock market appears to be full of bubbles and rises highly concentrated in large cap stocks, considering that current corporate profits are accelerating and the banking system is performing well, it is unlikely to trigger another economic crisis.

wallstreetcnJul 3 22:18

US stocks rose slightly in early trading, with the three major indexes up. Tesla rose by nearly 4%, and the second-generation humanoid robot Optimus will make its debut for the first time. US stocks will close early today and will be closed tomorrow.

The US stock market opened mostly flat on Wednesday, with the S&P 500 index closing above 5,500 points for the first time in the previous trading day. The private sector employment in the US increased by only 150,000 in June according to ADP report, lower than expected and indicating a gradual cooling of labor demand. The US stock market will close early today and the trading volume is expected to be light.

環球市場播報Jul 3 22:08

Unexpected decline! ADP added 150,000 jobs in the United States in June, the lowest level in four months.

Services once again became the industry with the most new job openings. In June, the ADP services industry added 136,000 jobs, far exceeding the 14,000 jobs in manufacturing.

wallstreetcnJul 3 20:51

US Stock Market Outlook | Unexpected Slump! US 'Small Non-Farms' Reach Four-Month Low; Federal Reserve Meeting Minutes to be Released Tonight, US Stock Market will Close Early Due to the Holiday.

"Fed Pronouncements": Powell talks about progress in inflation, bringing rate cuts back into view; did the market become conservative? Strategist: The Fed is expected to cut interest rates three times this year! Growth tech stocks fluctuate before the market, Tesla rises nearly 2%, while Microsoft, Apple, and Nvidia fall slightly.

Futu NewsJul 3 20:42

First-line response to the "Trump trade": after the first debate, traders aggressively bought short-term bonds and sold long-term bonds.

This week, the yield curve steepened by about 13 basis points due to the widening spread between the two-year and ten-year Treasury bond yields, marking the largest two-day volatility since October of last year.

wallstreetcnJul 3 14:07

Powell's 'dovish tone' leads to a drop in US bond yields, with a focus on the minutes of the Federal Reserve meeting tonight.

The stabilization of the bond market that day was largely due to the "dovish tone" emanating from the Federal Reserve. The minutes of the Fed's meeting early Thursday morning are expected to be a major focus going forward.

cls.cnJul 3 12:01