Has the 'mystery' of the upward revision of the USA GDP been revealed? The Commerce Department has increased national savings by 500 billion in one month.
The unexpected boost to GDP is due to the US Department of Commerce revising personal income and expenditures, increasing after-tax disposable personal income by 3.8% and expenditures by less than half of the income increase. As a result of this calculation, personal savings have increased from $600 billion in July to $1.1 trillion in August.
Most of the founding team has left, Altman is alone. At the peak moment, why did OpenAI "fall apart"?
OpenAI's initial mission was to develop AI for the public interest, which has created conflicts with the new initiative of launching commercial products. The departure of OpenAI's core scientists Ilya Sutskever, John Schulman, and Jan Leike this year is closely related to the changes in the company's operation philosophy.
Economists: The employment market in the usa is approaching a turning point, and the pace of rate cuts by the Federal Reserve will "accelerate".
Founder of Rosenberg Research and top economist David Rosenberg said that the US employment market is facing a key turning point, which may mean that the Federal Reserve will cut interest rates faster than expected.
US stocks close | US PCE inflation cools down, S&P Nasdaq falls but Dow hits new high; China concept index surges 24% for the whole week, jd.com hits fourteen-month high.
US PCE inflation cooling solidifies the confidence of the Fed in rate cuts, but US stocks fell in the afternoon, with nvidia dropping nearly 4% at one point. China's stimulus policies drove the Chinese concept index up by 4%, nio inc rose by nearly 13%, pan-European stock indexes and German stocks hit new highs for two consecutive days, luxury goods stocks rose again. The Dow, S&P, and Nasdaq have all risen for three consecutive weeks, with two China-focused ETFs achieving the best weekly gains in history.
TOP 20 transaction volume | Chinese concept stocks continue to rise, pdd holdings surged 35.5% this week; Musk claims that China's industrial capacity has far exceeded the usa.
On Friday, the turnover of the US stock market ranked first with nvidia falling by 2.13%, trading at $32.833 billion; tesla ranked second, rising by 2.45%, trading at $18.333 billion; apple, ranking third, rose by 0.12%, trading at $7.762 billion.
The Fed's 'favorite' inflation indicators continue to cool down! The core PCE in August compared to 0.1%, hitting a new low since May.
"The New York Fed communicator" Nick Timiraos commented on this month's PCE data, saying that the PCE indicator favored by the Fed is not far from the Fed's target.
ProShares UltraPro Short QQQ ETF Options Spot-On: On September 27th, 166.77K Contracts Were Traded, With 1.39 Million Open Interest
On September 27th ET, $ProShares UltraPro Short QQQ ETF(SQQQ.US)$ had active options trading, with a total trading volume of 166.77K options for the day, of which put options accounted for 13.64% of
Two pieces of bullish economic data, U.S. stocks welcome a 'strong tailwind'!
Analysts point out that as long as inflation in the usa remains within a manageable range, the Federal Reserve can almost completely focus on the labor market, which means cutting interest rates!
U.S. stock market early session | The three major indexes rose together, with the Dow hitting a new high again; Chinese concept stocks continued their strong momentum, with Nio Inc. soaring over 8%, pdd holdings up nearly 6%
On the evening of the 27th Beijing time, the U.S. stock market opened slightly higher on Friday. The PCE inflation data most favored by the Federal Reserve rose by 2.2% year-on-year, lower than expected, indicating easing inflation pressure and a cooling economy. The market expects these data to continue to lead the Fed to cut interest rates in the coming months.
Express News | In the USA, the final value of the University of Michigan Consumer Confidence Index for September was 70.1, expected to be 69.3, with a previous value of 69.
Wall Street expects further significant interest rate cuts, but Federal Reserve officials disagree!
The Chicago Mercantile Exchange's Federal Reserve observation tool shows that the probability of the Federal Reserve cutting interest rates by 25bp and 50bp in November is basically fifty-fifty. Most officials believe that the Fed has made significant progress in balancing inflation and economic objectives. Deutsche Bank believes that if the next two non-farm reports show further deterioration in the job market, there will definitely be another 50bp rate cut in November.
Bank of America and Barclays update their "china fever" strategy: major events happening now! Global risk appetite is on the rise.
①China's current stimulus policy has increasingly become the mainstream attitude of Wall Street analysts, and overseas investors are also showing concerns about 'missing out' while waiting and seeing; ②Even after the significant rise this week, Chinese assets still remain very attractive in terms of valuation; ③In addition to stocks, analysts are also paying attention to the generalized effect of 'China bullish'.
USA's core PCE in August hit a new low since May, lower than market expectations.
"The New York Fed communicator" Nick Timiraos commented on this month's PCE data, saying that the PCE indicator favored by the Fed is not far from the Fed's target.
A must-have for US stock investment! Take a sneak peek at the major events in October, all the days that affect the ups and downs have been marked out.
Historically, October has the reputation of being the "bear market killer." Since 1990, the s&p 500 index has averaged a 1.45% increase in October, ranking behind only November and April in performance.
Express News | Interest rates traders believe that the likelihood of the Fed cutting interest rates by 50 basis points in November is slightly higher than the likelihood of cutting by 25 basis points.
Express News | In August, the core PCE price index in the USA rose by 2.7% year-on-year, in line with expectations.
"Black Swan" fund founder issues another warning: Beware of gold and US stocks crashing together!
Spiessnagel expects the global market to experience a "collapse" by the end of this year.
US stock market outlook | As expected! USA's core PCE in August rose by 2.7% year-on-year, short-term pull-up of the three major index futures; Making a fortune! Well-known major short sellers bet on Chinese concept stocks to usher in a glorious moment
Before the market opened on Friday, the three major equity index futures fell slightly, with the market waiting for PCE data; tesla's 0-interest car purchase event was postponed again; jd.com continued to rise by over 2% before the market, Alibaba and jd.com will open up to each other.
This week in the US stock market | China's assets experience a "big carnival", goldman sachs and other major banks are all bullish! Ke Holdings surged nearly 40% during the week, with jd.com and pdd holdings rising by about 30%.
This week, the Dow Jones Industrial Average rose by 0.27% to 42175.11 points; during the same period, the S&P 500 index rose by 0.75% to 5745.37 points; the Nasdaq index rose by 1.35% to 18190.29 points during the same period.
Xinhua News Agency: Interest rate cuts have not significantly boosted demand, "soft landing" still unknown.
"New American Fed Communication Agency" stated that the US economy's soft landing ultimately requires a rebound in bank loans, yet the loan growth rate has almost stagnated over the past year. Many businesses and households have locked in the low interest rates before rate hikes, even though the Federal Reserve is currently cutting rates significantly, the distance to ultra-low interest rates is still far away. People's willingness to borrow is low, and the impact of rate cuts on boosting the economy will be limited.