The U.S. economic data that came out this week showed strong resilience! Tuesday's "durable goods orders" in response to new corporate capital investment increased instead of declining, with May's1.7%MoM increase better than the expected analysts forecast “stagnation”.New home salessurged12.22%from a month ago, the largest increase in a year. Weeklyinitial jobless claimsfell26,000from a year earlier, the biggest drop since October 2021.
The strong economicdata hasgiven the Fed more confidenceto raise interest rates. On Wednesday, during a discussion on the European Forum panel, Powell hinted at the possibility of back-to-back rate hikes in July and September.
📝Related Knowledge PointsThe economy is resilient, which will affect rate hike expectations too high in the short term. However, in the long run, the negative effect of interest rate hikes will economic limited, the economy is expected to achieve a soft landing, which is conducive to the long-term health of the economy.
Half-year market performance
With the end of June, 2023 is also halfway through the year. In the moomoo community, there is half-year recap, and notably, many half-year lists that you can follow, including which sectors andstocks performed better?
With the end of June, 2023 is also halfway through the year. In the moomoo community, there is half-year recap,
The Three Crows is a classic top reversal pattern. Three consecutive falling candlesticks are easy to identify. But when applying it, need pay more attention to the details of the confirmation: 1. thesize of the bodyis relatively close, indicating that the short-side forces are stable continuation. 2. avery short lower shadow, indicating that in the sell-side forces continue to be strong, there is no situation of being pulled back by the long side.
In bull markets, growth stocks tend to outperform value stocks, offering higher returns, as high-growth companies usually attract more attention and demand.
CANSLIMis a widely accepted method for picking growth stocks. It uses 7 indicators to quantify the screening through the company'sfundamentals,technicalsandmarket sentiment.
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Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
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