US Market Outlook: Fed to cut interest rates by 50 bps in September? The S&P 500 started 31 points higher
Good evening to all Moomoo users! This is the reading for tonight's NY stock.
Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 166.34 dollars to 40879.12 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, rose 153.38 points to 17772.73. The S&P 500 average, which consists of stocks of 500 companies, which are large US stocks, rose 31.85 points to 5602.49.
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 166.34 dollars to 40879.12 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, rose 153.38 points to 17772.73. The S&P 500 average, which consists of stocks of 500 companies, which are large US stocks, rose 31.85 points to 5602.49.
Top news
Jackson Hole tonight
● There is a general view in the market that the Fed will cut interest rates at the next meeting to be held on 9/17-18, but opinions are divided about the extent of interest rate cuts.
● According to economists, Chairman Powell will lay the groundwork for September interest rate cuts at the Jackson Hole meeting.
● Evercore ISI Vice Chairman Krishna Guha said that the Federal Reserve (Fed) currently prioritizes employment data over inflation data.
Chairman Powell's remarks at the Jackson Hole conference are about to begin! Book your viewing now >>
● There is a general view in the market that the Fed will cut interest rates at the next meeting to be held on 9/17-18, but opinions are divided about the extent of interest rate cuts.
● According to economists, Chairman Powell will lay the groundwork for September interest rate cuts at the Jackson Hole meeting.
● Evercore ISI Vice Chairman Krishna Guha said that the Federal Reserve (Fed) currently prioritizes employment data over inflation data.
Chairman Powell's remarks at the Jackson Hole conference are about to begin! Book your viewing now >>
US hedge funds withdraw from tech stocks
● Goldman Sachs analyzed the 13F of hundreds of US hedge funds, and hedge funds withdrew from popular high-tech stocks, including NVIDIA.
● The number of hedge funds holding one M7 as a top 10 position has generally declined. M7 currently accounts for only 13% of hedge fund portfolios on average.
●The only exception $Apple (AAPL.US)$Of the 693 hedge funds that Goldman is tracking, 43 hold Apple in the top 10 positions, up from 30 at the end of the first quarter.
● Goldman hit an all-time high with 72% of the top 10 hedge fund positions accounting for 72% of the total portfolio.
●Related articles:
[Financial Results Preview] An opportunity for NVIDIA, the AI emperor, to make a big purchase before financial results on the 29th?!
● Goldman Sachs analyzed the 13F of hundreds of US hedge funds, and hedge funds withdrew from popular high-tech stocks, including NVIDIA.
● The number of hedge funds holding one M7 as a top 10 position has generally declined. M7 currently accounts for only 13% of hedge fund portfolios on average.
●The only exception $Apple (AAPL.US)$Of the 693 hedge funds that Goldman is tracking, 43 hold Apple in the top 10 positions, up from 30 at the end of the first quarter.
● Goldman hit an all-time high with 72% of the top 10 hedge fund positions accounting for 72% of the total portfolio.
●Related articles:
[Financial Results Preview] An opportunity for NVIDIA, the AI emperor, to make a big purchase before financial results on the 29th?!
Has the heat against Llama cooled down?
● It was the first month that the latest version of Llama, Llama 3.1 was released on 7/23, and recorded approximately 3.6 million downloads from Hugging Face, which is lower than the 5.8 million first-month download of Llama 3.
● $Meta Platforms (META.US)$CEO Zuckerberg said that the company partnered with cloud providers and collected part of the revenue from customers using Llama on cloud servers.
● Analysts pointed out that there is a possibility that meta will compromise to some extent in terms of profit in order to promote Llama.
● It was the first month that the latest version of Llama, Llama 3.1 was released on 7/23, and recorded approximately 3.6 million downloads from Hugging Face, which is lower than the 5.8 million first-month download of Llama 3.
● $Meta Platforms (META.US)$CEO Zuckerberg said that the company partnered with cloud providers and collected part of the revenue from customers using Llama on cloud servers.
● Analysts pointed out that there is a possibility that meta will compromise to some extent in terms of profit in order to promote Llama.
The Federal Reserve is reasonable to cut interest rates by 50 bps in September = “Sam Rule” submitter
●「Claudia Sahm, the submitter of the “Sam Rule,” said that the downward revision in the number of people employed in the US non-farm sector, which has decreased by 0.818 million people this time, is the reason the Fed cut interest rates by 50 bps in September.
● “A 50 bps interest rate cut is not necessarily a mistake; it is a policy readjustment,” Saam said.
● He commented, “The labor market has decelerated excessively, and interest rates should have been cut in July.”
● He pointed out that the Fed must not only make decisions based on data and information at hand, but also predict trends.
●Related articles:
The number of people employed in the US non-farm sector has been drastically revised downward, so why is the market still watching?
●「Claudia Sahm, the submitter of the “Sam Rule,” said that the downward revision in the number of people employed in the US non-farm sector, which has decreased by 0.818 million people this time, is the reason the Fed cut interest rates by 50 bps in September.
● “A 50 bps interest rate cut is not necessarily a mistake; it is a policy readjustment,” Saam said.
● He commented, “The labor market has decelerated excessively, and interest rates should have been cut in July.”
● He pointed out that the Fed must not only make decisions based on data and information at hand, but also predict trends.
●Related articles:
The number of people employed in the US non-farm sector has been drastically revised downward, so why is the market still watching?
money flowing into MMF?
● According to data compiled by BofA, 37 billion dollars flowed into money market funds (MMF) in the week up to the 21st.
● The cumulative inflow of funds into MMF for 3 weeks was 145 billion dollars.
● Analysts expect they will prepare for a cut in US interest rates in September.
●Related articles:
Rice interest is about to drop! Who will beat the Chaos Market? Is now the time to aim for a “golden age” bond ETF
● According to data compiled by BofA, 37 billion dollars flowed into money market funds (MMF) in the week up to the 21st.
● The cumulative inflow of funds into MMF for 3 weeks was 145 billion dollars.
● Analysts expect they will prepare for a cut in US interest rates in September.
●Related articles:
Rice interest is about to drop! Who will beat the Chaos Market? Is now the time to aim for a “golden age” bond ETF
Governor Ueda's remarks
● The degree of monetary easing will be adjusted if the accuracy of the economic price forecast is realized increases
● Interest rates can be adjusted if the economy moves as expected
● Pay close attention to market conditions and the impact on the economic outlook
● The degree of monetary easing will be adjusted if the accuracy of the economic price forecast is realized increases
● Interest rates can be adjusted if the economy moves as expected
● Pay close attention to market conditions and the impact on the economic outlook
ー Moo Moo News Citron
Source: moomoo, Bloomberg, Minkabu
This article uses automatic translation for some of its parts
Source: moomoo, Bloomberg, Minkabu
This article uses automatic translation for some of its parts
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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サクッとSP : 25 yachunen
新div : Pushing interest rate cuts this much
When is Powell's time?
Trump's return of intentions?
Is the economy really in shambles?
Is Soft Landing an appropriate rate cut?
Is it just a whim?
Each person makes their own decisions
By choosing
happy?
What bothers me.
Powell
Can you believe it
My intuition
do you believe it?
If the end of the year is happy from the presidential election
End of August
September
October
November
Where is it, let alone preparation?
Every day I think about it.
Don't fail with quick gimmicks
I have to overcharge it
Keep in mind
If you keep grabbing a falling knife, it will turn bloody
Trump and Harris
Which one will win?
I still don't understand.