Late night broadcasting! Powell: The economy is strong, the Federal Reserve does not need to rush to cut interest rates, there is time to understand the impact of Trump's policies.
Powell stated that labor market indicators are returning to more normal levels consistent with the Federal Reserve's full employment target; inflation will continue to decline towards the target of 2%, although there may be occasional fluctuations; the interest rate path is not preset and depends on data and economic outlook. If the data tells us to slow down rate cuts, slowing down is the wise choice; Congress generally believes that the Fed's independence is very important, concluding prematurely on the policies of the Trump administration. The Fed will act cautiously before policy is more certain; the impact of AI may be later and greater than we expect.
Top economists: The three major driving forces behind the bull market in U.S. stocks are running out.
American economist Rosenberg pointed out that since the most important bullish factors in the US stock market have reached extremes, there may be a period of limited returns in the future.
J.P. Morgan strategists: The year 2025 is full of uncertainties, and the Federal Reserve may pause interest rate cuts!
①jpmorgan market strategist Karen Ward expects the Federal Reserve to pause after the rate cut in December to assess the impact of Trump's policies on the economy. ②Federal Reserve Chairman Powell also stated in his latest speech that the US economy is strong, no need for immediate rate cuts, and will carefully monitor inflation indicators.
Blackrock launches large-cap stock etf in the usa, betting that large companies will continue to dominate the market.
Blackrock has launched an exchange-traded fund (ETF) that invests in the top 20 large companies in the usa.
Powell's hawkish speech severely undermines interest rate cut expectations, and the global market is facing a "new storm"!
① In his latest speech, Powell stated that with a strong economy, the Federal Reserve is not in a hurry to cut interest rates; ② This hawkish statement quickly stirred up a storm in the global markets.
The heat of the 'Trump trade' is still on, but how long can it last?
Stocks, bonds, and other assets are already expensive relative to historical levels. Trump's trade protectionism policy may lead to a resurgence of inflation and force the Federal Reserve to maintain interest rates at high levels for a longer period of time. In addition, the US economy is facing continuously expanding fiscal deficits and a labor market that is already showing signs of fatigue, which could put pressure on the economic growth outlook.
"Trump trade" remains popular, but how much longer can it last.
Stocks, bonds, and other assets are already expensive relative to historical levels. Trump's trade protectionism policy may lead to a resurgence of inflation and force the Federal Reserve to maintain interest rates at high levels for a longer period of time. In addition, the US economy is facing continuously expanding fiscal deficits and a labor market that is already showing signs of fatigue, which could put pressure on the economic growth outlook.
Futu Morning Post | Powell 'hawkish': Strong economic performance, no rush to cut interest rates; Buffett's new warehouse received, Domino's surged more than 18% after-hours, Pool rose over 6%
Blackrock bought heavily into Apple in Q3, continuing to increase shareholding in the 'Big Seven'; 'Smart Money' betting on the trend of China: Q3 prototype of 'The Big Short' increased shareholding in Alibaba and other Chinese concept stocks; Disney rose more than 6%, fourth quarter performance exceeded expectations with a $3 billion share buyback plan.
US stock market close | The three major indices all closed lower; electric vehicle stocks suffered heavy losses, with Rivian dropping over 14% and Tesla falling nearly 6%; china concept stocks generally declined, with zeekr falling over 23%.
In October, US PPI accelerated rebound, first-time jobless claims at a nearly six-month low, traders reduced rate cut bets, small cap stocks and Chinese concept indexes fell more than 1%, nvidia rose nearly 2% before turning down, Tesla dropped nearly 6%, zeekr plunged over 23%, jd.com dropped over 6%, Bilibili dropped more than 12%, netease rose more than 10%. The US dollar rose for the fifth consecutive time, the euro hit a one-year low, the Japanese yen fell below 156, offshore RMB briefly fell 200 points to temporarily breach 7.26 yuan. Gold oscillated lower and once fell by 1.4%, US bond yields turned higher, bitcoin fell below $0.088 million, and oil prices rose.
Express News | Analysts: The decline of the s&p 500 index risk premium to a 22-year low may not be significant.
U.S. stocks closed: Powell suppressed rate cut expectations, the three major indexes accelerated their decline in the last minutes.
1. China concept stocks were generally down, with the Nasdaq Golden Dragon Index falling by 1.81%; 2. The Trump transition team is planning to cancel the $7,500 tax credit for electric autos; 3. Ford was fined $0.165 billion for failing to comply with recall requests; 4. Blackrock aggressively bought Apple in Q3 and continued to increase its shareholding in the 'Big Seven' companies.
Trump wants to "interfere" with mmf policy? A Federal Reserve governor supports the independence of the central bank.
Kudrin pointed out that an independent central bank has higher credibility in the financial markets and among the public, can stabilize inflation expectations, and achieve inflation stability.
Charlie Munger: In the long run, "avoiding stupidity" can make us more outstanding.
Control the initial irrational emotions. When you are subjected to a huge stimulus, you may exhibit many strange behaviors. If you can remain wise during such times, you will benefit.
Federal Reserve Board member Cook: Policy must simultaneously focus on inflation and employment goals.
Federal Reserve Governor Coogle stated that policymakers must simultaneously focus on the central bank's inflation and employment targets, and pointed out that the labor market is cooling down, slowing progress towards the Federal Reserve's 2% inflation target.
US stock early market | The three major indexes fell, while disney rose more than 8% against the trend; semiconductor stocks rose overall, as asml holding increased by over 4%, and taiwan semiconductor, applied materials rose over 2%.
On Thursday, the three major US stock indices fell broadly. The s&p 500 dropped by 0.16%, the nasdaq fell by 0.20%, and the dow jones industrial average decreased by 0.11%.
Express News | US stocks opened slightly higher, with the Dow up 0.10%, the Nasdaq up 0.13%, and the S&P 500 index up 0.07%. Disney rose more than 7%, with fourth-quarter profits exceeding expectations. ASML Holding rose nearly 5%, with the company reaffirming its 2030
Express News | The three major US stock indices opened slightly higher, with netease rising over 6% after earnings, while bilibili fell over 7%.
usa's October PPI rose more than expected, PCE may face pressure, will the pace of Fed rate cuts be affected?
Despite a significant easing of inflation pressure in the usa this year, there has been a recent lack of progress, and Federal Reserve policymakers may slow down the pace of interest rate cuts...
Another Federal Reserve Board member calls for caution in further interest rate cuts!
Federal Reserve Governor Kugler pointed out that it would be appropriate to pause rate cuts if there were any risks that hindered the progress against inflation or caused inflation to accelerate again.
US: Headline Producer Prices Rose by 2.4% YoY in October