"Only God can make me drop out!" Biden passionately promises to continue the campaign, but he misspoke again this time.
On Friday, US Eastern Time, Biden stated in an interview that he will continue to run for the presidency, and that he is the best candidate to stop Trump from returning to the White House in November. However, it was a bit awkward that he misspoke during this 22-minute interview. On Monday next week, US Eastern Time, several Democratic congressmen will have a meeting to discuss persuading Biden to drop out of the race.
Nvidia has fallen, and bitcoin has crashed, but the US stock market continues to move forward under heavy pressure.
Bearish analysts have repeatedly misjudged the market and lost their jobs. Some institutions have even abandoned the traditional practice of setting target prices for large caps. The rising price of Mag 7 has pushed the S&P 500's P/E ratio to 26 times, higher than any election year since at least 1990.
Express News | Bank of America: the rise in index driven by giant stocks is a market feature, not a market bug.
Has the US labor market still been "strong"? Media reported that non-farm payrolls data for the first two months were significantly revised downward.
"New American News Agency" stated that although the non-farm data in June is not enough to make the Fed cut interest rates at the July meeting, it is likely to cause a more intense debate on cutting interest rates in September at the July meeting.
"Fed's top three": Although there has been progress in inflation control work, it has not been completed yet.
On Friday, New York Fed President Williams delivered a speech at an event in Mumbai, India, stating that despite recent declines, inflation rates are close to the Fed's target of 2%, and Williams emphasizes policymakers still need to continue efforts to achieve this goal.
Fed Monetary Policy Report: Inflation slows, confidence still needed before rate cuts, closely watching next week's Powell hearing!
The report summarizes the state of the US economy in the first half of this year and the execution of the mmf policy by the Federal Reserve, which is almost consistent with the discussions in previous Federal Reserve meetings.
Eight consecutive gains, a 27% increase in a single week! Tesla's half-year decline was wiped out in just one week.
At a critical moment, Tesla delivered strong sales results. Has Tesla's worst time passed? The next month is crucial.
Top 20 turnover | Tesla has risen for 8 consecutive days, up more than 27% this week, with a total transaction volume of over 38 billion US dollars.
On Friday, Tesla was the top volume trading company in U.S. stocks, rising 2.08% for the eighth consecutive trading day, and the stock price hit a new six-month high with a transaction volume of $38.342 billion. The stock has risen more than 27% this week, wiping out most of its losses this year. Nvidia, ranked 2nd, fell 1.91% with a transaction volume of $27.207 billion. Apple, ranked 3rd, rose 2.16%, with a transaction volume of $13.591 billion.
U.S. stocks closed with the expectation of interest rate cuts boosted by non-farm payrolls, with the S&P and Nasdaq hitting new highs! Tesla rose nearly 38% in eight days, while Nvidia cooled off.
In June, non-farm payroll employment in the USA fell sharply, with significant downward revisions to previous data, and the unexpected rise in unemployment rate highlighted a cooling labor market, leading the market to bet over 70% on rate cuts in September and December.
Express News | The three major stock indexes in the United States collectively rose, with the Dow up 0.17%, the Nasdaq up 0.9%, and the S&P 500 index up 0.54%. Most popular technology stocks rose, with metals & mining and consumer electronics sectors leading the gains.
Express News | Nasdaq 100 index is up more than 1%, while S&P 500 index is now up 0.4%.
Will the Federal Reserve cut interest rates in September? The key data is still yet to come!
After the non-farm data was released, the market priced in a 70% chance of a rate cut by the Fed in September. Analysts pointed out that "the key is another round of data".
After a closer look at the US non-farm payrolls report, I was sweating with shock as the data for the first two months was unexpectedly slashed by 0.11 million.
① The seasonally adjusted non-farm employment population in the United States increased by 0.206 million people in June, exceeding the market's expected 0.19 million people; ② The report revised the May data from 0.272 million people to 0.218 million people, and April from 0.165 million people to 0.108 million people.
How will the s&p 500 index perform in the upcoming special period?
Gelonghui, July 5th | The next few trading days will determine whether this year's stock market will continue to rise or stagnate. According to Bank of America's data, the first 10 trading days of July have always been the strongest period in the history of the S&P 500 index since 1928. Nevertheless, investors will still look for clues from economic and corporate profit data in the coming weeks as to when the Fed may begin to cut borrowing costs. Fed Chairman Powell will testify twice a year in Congress on Tuesday. The CPI data will be released on Thursday, and JPMorgan and Citigroup will release their financial reports on July 12.
US stock pre-market: the three major indices have mixed gains and losses, with large tech stocks generally rising, with Tesla, Apple, Amazon, and Microsoft all up more than 1%; China concept stocks fell across the board, with Xpeng down nearly 10% and NIO
The US stock market opened flat on Friday, and the three major stock indexes in the US will all record gains this week. The number of new non-farm jobs added in June in the United States fell sharply, and the unemployment rate unexpectedly climbed to 4.1%, reinforcing the reason for the Federal Reserve's interest rate cuts.
Fed's Williams: Progress on Inflation, Job Not Yet Done.
Williams pointed out during his activities in India that he "has confidence" that the Fed is on track to achieve its 2% inflation target.
Express News | US President Biden: Wage growth is faster than inflation, we still have more work to do.
Express News | The US stock market basically opened flat, with the Dow up 0.01%, the Nasdaq up 0.07%, and the S&P 500 index up 0.04%. Bitcoin once fell below $54,000, and crypto concept stocks fell across the board, with MicroStrategy and Marathon Digital down more than
Express News | US Deputy Secretary of Labor: The unemployment rate is still very low.
Express News | After the non-farm payrolls were released, the probability of the Fed maintaining interest rates in August increased to 95.3%.