Biden's first statement before leaving office: Congress members should be prohibited from engaging in Stocks Trade.

① The President of the USA, Biden, stated in an interview that members of Congress should be prohibited from trading Stocks; ② This is the first time Biden has expressed his opinion on the issue of Congress members trading Stocks, and given that he has only one month left in his term, the impact of his statement remains unclear.

cls.cn07:58

Powell: "Approaching or already at" the point of slowing down and pausing interest rate cuts, future rate decreases will require new progress in inflation (full text attached).

Powell stated that the decision to cut interest rates at this meeting was relatively difficult, as the Fed faces a roughly balanced risk in achieving its dual goals of controlling inflation and promoting employment, with significant progress already made in controlling inflation. Although interest rates have been lowered by 100 basis points, they are still 'significantly' restraining economic activity, and the Fed is 'on track to continue lowering rates.' However, before any further cuts, officials need to see more progress on inflation. Powell mentioned that the policies of the new USA administration have not yet been officially released, but the Fed has done quite a bit of preparatory work, enabling a more careful and considered assessment and appropriate policy response when specific policies are finally revealed. The Fed announced a 25 basis point rate cut on Wednesday, as the market expected, but Fed officials significantly raised the median target range for future policy rates and made substantial upwar

wallstreetcn07:17

Annual review | The "report card" for Global major asset classes is out! Bitcoin has surged 136% this year, leading the world, with strong performances from US stocks, China assets, and Japanese stocks.

In this spectacular year, which asset classes have been dominant globally? Which market symbols have underperformed? Let's review together!

Futu News40minutes ago

The Federal Reserve may not cut interest rates next year! Wharton School professor: The sharp decline in the US stock market is not surprising.

Wharton School of Business at the University of Pennsylvania's emeritus professor of finance, Siegel, stated that the sell-off in the U.S. stock market is "healthy," and the Federal Reserve's cautious forecast about future interest rate cuts has made investors "realize the reality."

cls.cn18:26

Reminder of market closure during the Christmas holiday.

Gelonghui, December 19th | The market holiday schedule for the Christmas holiday is as follows: Hong Kong stocks: closed on December 24th (Tuesday) afternoon, and closed on December 25th (Wednesday) and 26th (Thursday); North-South trading: closed from December 24th (Tuesday) afternoon to 26th; US stocks: close 3 hours early on December 24th, with intraday trading hours from 22:30 to 02:00 Beijing time, and after-hours trading from 02:00 to 06:00 the next day; closed on December 25th; US night trading: from 09:00 to 17:00 (Beijing time) as usual on December 24th.

Gelonghui Finance17:59

UBS Group warns: the risk of a bubble in Stocks and Assets is increasing, and it is advised to allocate Gold.

UBS Group Global Equity strategists point out that six of the seven preconditions for forming a bubble have already appeared, with the remaining one being loose MMF policy, as the Federal Reserve's interest rate cut on Thursday pushes the market further in this direction.

Golden10 Data17:57