JPMorgan CEO Dimon: The possibility of a soft landing for the US economy is relatively low.
Damon believes that inflation will not easily fade away. He has previously warned multiple times that inflation may be more stubborn than investors expect, due to factors such as fiscal deficit spending.
U.S. stock market closing | The 'Triple Witching Day' saw violent fluctuations in the final trading hour, with the Dow hitting a new all-time high; Intel surged in the final hour, gold reached a new high, and the offshore RMB rose by 300 points.
The Dow Jones hit a new high, while small-cap index fell more than 1% after seven consecutive gains, and the S&P briefly stopped falling in late trading. The Dow rose 1.6% for the week, the Nasdaq rose 1.5%, and energy stocks drove the S&P up 1.4%, the fifth consecutive weekly gain in six weeks, with small-cap stocks rising more than 2% and China concept stocks rising nearly 4% for the week.
S&P welcomes its 39th new high of the year! The surprise rate cut, though late, has arrived. What will drive the new surge in the US stock market?
In the early morning of September 19th, the Federal Reserve violently initiated a 50 basis point interest rate cut, while the unexpectedly low number of initial jobless claims announced on Thursday further strengthened confidence in a soft landing of the US economy.
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The Fed's interest rate cut cycle has begun, but Powell's challenges have just begun.
Yu Yong, chief economist of Ernst & Young, said that Powell successfully persuaded most officials that it was optimal to cut interest rates ahead of time, but the cost is that policymakers may be more resistant to rapid rate cuts in the next two policy meetings.
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Express News | Federal Reserve Governor Waller: If the employment market deteriorates, we may consider cutting interest rates by another 50 basis points.
Big Rate Cut Primes Bubble Risks, Says BofA in Seeing Investment Paths in Bonds, Gold
Bank of America: Interest rate cuts intensify the risk of a stock market bubble, making bonds and gold more attractive.
Hartnett, who accurately predicted the sharp rise in US bonds, pointed out that bonds and gold are powerful hedging tools against economic recession and inflation, while outside the USA, stocks and csi commodity equity index are better investment targets in the context of a soft landing.
Seven giants of the US stock market are expected to return to the peak? Looking back at the last interest rate cut cycle, this company surged by nearly 500%.
Wedbush, a Wall Street investment bank, has stated that the Fed's rate cut is the missing piece of the puzzle, indicating that the green light for high-tech growth-oriented trading has been re-illuminated and will continue through the end of the year and 2025.
The "Mysterious Fund on Wall Street", Renaissance, has continuously reduced its management scale and decreased by two-thirds over the past five years.
RIEF's AUM has decreased from around $35.8 billion in early 2020 to around $19.6 billion currently, while the RIDA and RIDGE funds have merged and now only have a scale of $3.6 billion. The "Grand Award" fund's "magic" has not permeated into external fund management.
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Express News | Bank of America: The Federal Reserve is currently more focused on employment data. The importance of PCE next week may not be as high as before.
Express News | He Lifeng met with the US representative delegation of the Sino-US Economic Working Group.