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Last week, $CSOP LOW CARBON US$ (LCU.SG)$ (+1.52% in USD), $CSOP SEA TECH ETF(USD) (SQU.SG)$ (+1.17% in USD) and $CSOP STAR&CHINEXT50 SGD (SCY.SG)$ (+1.13% in SGD) all gained as Federal Reserve officials issued dovish statements on interest rates.
LCU's gains were primarily driven by Japan and China. Among individual firms, the notable gains were observed in Samsung Electronics and TSMC. Samsung Electronics recorded significant growth as its quarterly p...
LCU's gains were primarily driven by Japan and China. Among individual firms, the notable gains were observed in Samsung Electronics and TSMC. Samsung Electronics recorded significant growth as its quarterly p...
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Another reason FED may consider delaying interest rate hike or even pause.
Quote:
The producer price index for June had a smaller-than-expected increase, the Labor Department reported Thursday, in the latest sign that inflation is calming in the United States.
The PPI for final demand rose 0.1%. Economists surveyed by Dow Jones were expecting an increase of 0.2%. The PPI climbed 0.1% when excluding food, energy and trade se...
Quote:
The producer price index for June had a smaller-than-expected increase, the Labor Department reported Thursday, in the latest sign that inflation is calming in the United States.
The PPI for final demand rose 0.1%. Economists surveyed by Dow Jones were expecting an increase of 0.2%. The PPI climbed 0.1% when excluding food, energy and trade se...
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2
this is good news for me 
Some More Good Inflation News: Owner-Equivalent Rents Are About To Peak
$S&P 500 Index (.SPX.US)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$
$S&P 500 Index (.SPX.US)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$
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CPI came in softer than expected at 3% YOY in June - the lowest rate since March 2021.
Inflation is a heading the way that Fed wants. Is Fed winning the inflation walk? Anyway, the data has driven S&P500 to a new 52-week high
Today (Thurs) we will have Producer Price Index data to be released.
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$ $NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$ $Meta Platforms (META.US)$ $Microsoft (MSFT.US)$ $Alphabet-A (GOOGL.US)$ $Salesforce (CRM.US)$ $Nike (NKE.US)$ $Goldman Sachs (GS.US)$ $Morgan Stanley (MS.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Workday (WDAY.US)$ $Bank of America (BAC.US)$ $Citigroup (C.US)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $Enphase Energy (ENPH.US)$ $XPeng (XPEV.US)$ $ARK Innovation ETF (ARKK.US)$ $Roku Inc (ROKU.US)$ $Spotify Technology (SPOT.US)$ $Blackrock (BLK.US)$
Inflation is a heading the way that Fed wants. Is Fed winning the inflation walk? Anyway, the data has driven S&P500 to a new 52-week high
Today (Thurs) we will have Producer Price Index data to be released.
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$ $NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$ $Meta Platforms (META.US)$ $Microsoft (MSFT.US)$ $Alphabet-A (GOOGL.US)$ $Salesforce (CRM.US)$ $Nike (NKE.US)$ $Goldman Sachs (GS.US)$ $Morgan Stanley (MS.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Workday (WDAY.US)$ $Bank of America (BAC.US)$ $Citigroup (C.US)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $Enphase Energy (ENPH.US)$ $XPeng (XPEV.US)$ $ARK Innovation ETF (ARKK.US)$ $Roku Inc (ROKU.US)$ $Spotify Technology (SPOT.US)$ $Blackrock (BLK.US)$
From YouTube
4
Columns Softer CPI - Reawaken the bull?
The story about inflation has evolved multiple times ever since we are spooked by it.
When it was too high, markets tank
When it is reduced less than expectations, markets tank.
These days, if it rises by a bit and less than expected, the markets rally.
This time is no different than the past few months.
1. All is good?
Don't get me wrong, it is good to see softer CPI growths. It's just the market reaction that is funny as it is too forward-looking.
Lower CPI growt...
When it was too high, markets tank
When it is reduced less than expectations, markets tank.
These days, if it rises by a bit and less than expected, the markets rally.
This time is no different than the past few months.
1. All is good?
Don't get me wrong, it is good to see softer CPI growths. It's just the market reaction that is funny as it is too forward-looking.
Lower CPI growt...
4
1
The US released CPI data for June,
Annual growth rate of 3.0%, slightly below the expected 3.1%;
Monthly growth rate of 0.20%, slightly below the expected 0.3%.
The core CPI for June rose by an annual rate of 4.8%, slightly below the expected 5.0%.
The US June CPI annual rate is a new low since April 2021, And the core CPI annual rate also fell below 5% for the first time since November 2021, Both were below expectations, seemingly optimistic data, Supporting the possibility...
Annual growth rate of 3.0%, slightly below the expected 3.1%;
Monthly growth rate of 0.20%, slightly below the expected 0.3%.
The core CPI for June rose by an annual rate of 4.8%, slightly below the expected 5.0%.
The US June CPI annual rate is a new low since April 2021, And the core CPI annual rate also fell below 5% for the first time since November 2021, Both were below expectations, seemingly optimistic data, Supporting the possibility...
5
This is good news as it gives FED another reason to delay next rate hike or pause indefinitely.
Quote:
Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price increases were running at a more than 40-year high.
The consumer price index, which measures inflation, increased 3% from a year ago, which is the low...
Quote:
Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price increases were running at a more than 40-year high.
The consumer price index, which measures inflation, increased 3% from a year ago, which is the low...
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As per title, fed was never about the data, the rate works, there’s no need to increase any further, just wait for the drop in time to come. They want recession to come.
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