Is the prospect of a soft landing really overshadowing the narrative of recession, even though the 'terrifying data' from the USA is not really terrifying?
In the past two trading days, the prospect of a soft landing has been further boosted, as the latest data shows that the consumer price index continues to slow down, while retail sales, dubbed the "terrifying data" in the U.S., recorded a surprising surge in July; However, has the prospect of a soft landing really overwhelmed the narrative of recession?
Wells Fargo & Co: After the Fed cuts interest rates, the stock market will experience an unprecedented 30-year surge.
According to Wells Fargo & Co's global investment strategy director, the current market is reminiscent of 1995 when the S&P 500 index set 77 historical highs.
Express News | Goldman Sachs: lowers US Q3 GDP growth forecast to 2.4%.
What signal does Bank of America convey by crazy buying of Apple and other technology giants?
As of August 15th, according to the latest disclosed holding report, Bank of America increased its shareholding in Apple stocks by more than 41 million in the second quarter, with a holding position of 122.65 million shares at the end of the second quarter, an increase of 50% compared to the end of the first quarter's 81.59 million shares.
The major correction in the US stock market has ended, and a huge amount of bid from algo funds is about to enter.
After the sell-off frenzy, the calm market created opportunities, and buying pressure on the US stock market increased significantly, especially from long-term buyers.
Will interest rates be cut in September? Jackson Hole Annual Meeting is coming next week, and global markets are focusing on Powell's speech.
The annual Jackson Hole Symposium will be held in Jackson Hole, Wyoming, USA from August 22 to 24 next week. It is closely watched during the current economic recession concerns around the world and the policy turning point of global central banks. The speech by Federal Reserve Chairman Powell is undoubtedly the focus of the market's attention.