No Data
Next week's important schedule: USA and Europe Q1 GDP, USA non-farm employment, China PMI, Buffett Shareholders' Meeting, Microsoft, Apple, Meta, and Amazon Earnings Reports.
Berkshire Hathaway Inc. will hold its Shareholder Meeting, Meta will host its first AI Developer Conference, the Bank of Japan will announce its interest rate decision, and Japan and the USA may engage in a second round of negotiations. In terms of data, pay attention to the USA and Eurozone's Q1 GDP, the USA's April non-farm payroll report, March's PCE price index, and China's April manufacturing PMI. Regarding Earnings Reports, focus on Microsoft, Meta, Apple, Amazon, Pfizer, Eli Lilly and Co, Coca-Cola, Kweichow Moutai, and others.
Bank of America Hartnett: Sell US stocks at highs, Buy Gold at lows.
Hartnett pointed out that as the "American exceptionalism" shifts to "American denialism," funds are flowing from the USA market to other regions, especially the Emerging Markets and Europe. Based on expectations of continued US dollar depreciation, increased market uncertainty, and rising demand for safe-haven assets, Hartnett remains Bullish on Gold.
Popular candidates for Federal Reserve Chair: should speak less, avoid meddling, and strictly control monetary easing.
The popular successor candidates for the Fed chairman have sharply criticized Powell, claiming he has been overly vocal and has condoned the fiscal deficit, advocating a return to the tradition of 'never explain, never apologize.'
China Industrial Profit Rises in March -- WSJ
Reports suggest that Trump plans to strengthen controls over federal employees.
Gelonghui, April 27 | According to the Wall Street Journal, the Trump administration in the USA is taking action to further tighten its control over the hiring and firing of federal employees.
According to a Morgan Stanley survey, 60% of investors expect the USA economy to fall into stagflation next year.
Gelonghui, April 27 | JPMorgan's latest survey results for investors show that respondents generally expect the USA economy to be in a stagflation situation next year, and the dollar will continue to be weak.