US market outlook: NVIDIA will recover to the 130 dollar range, and Bitcoin will also reach the 0.061 million dollar range. The success or failure of the US soft landing will be in the next few months = WSJ
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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 41.74 dollars to 40932.23 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 17993.72 with a 74.73 point increase. The S&P 500 average, which consists of stocks of 500 major US companies, rose 16.92 points to 5637.77.
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 41.74 dollars to 40932.23 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 17993.72 with a 74.73 point increase. The S&P 500 average, which consists of stocks of 500 major US companies, rose 16.92 points to 5637.77.
Top news
September interest rate cut?
● According to the minutes of the board meeting held by the US Federal Reserve (Fed) in July, while the “majority” of directors saw interest rate cuts in September as appropriate, several directors saw interest rate cuts as appropriate at the time of the previous board decision.
● Thanks to this,Chairman Powell is at Jackson Hole tomorrow (Friday) nightThen, the next stage of the Fed's inflation countermeasures will begin.
●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 the minutes of the board meeting held by the US Federal Reserve (Fed) in July, while the “majority” of directors saw interest rate cuts in September as appropriate, several directors saw interest rate cuts as appropriate at the time of the previous board decision.
● Thanks to this,Chairman Powell is at Jackson Hole tomorrow (Friday) nightThen, the next stage of the Fed's inflation countermeasures will begin.
●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
Appropriate time to start cutting interest rates soon = Mr Collins of the Federal Reserve
● Consumer data shows no warning signs, and inflation and employment are shifting to a better balance.
● Consumer data continues to show considerable resilience, but there are also several squeezing factors.
● Maintaining a healthy labor market is a priority issue.
● Consumer data shows no warning signs, and inflation and employment are shifting to a better balance.
● Consumer data continues to show considerable resilience, but there are also several squeezing factors.
● Maintaining a healthy labor market is a priority issue.
Questions about employment statistics
● It shows the biggest decrease in the number of workers since 2009,The labor market is much faster and looser than initially thoughtIt suggested that it had begun to become.
● However, while the Bureau of Labor Statistics provided revised values to at least 3 Wall Street companies, publication on the website was delayed, so the publication of the data raised new questions about fair access.
●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?
● It shows the biggest decrease in the number of workers since 2009,The labor market is much faster and looser than initially thoughtIt suggested that it had begun to become.
● However, while the Bureau of Labor Statistics provided revised values to at least 3 Wall Street companies, publication on the website was delayed, so the publication of the data raised new questions about fair access.
●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?
The success or failure of the US soft landing is in the next few months = WSJ Nick Timiraos
● Nick Timiraos, a famous reporter for the Wall Street Journal, believes that the next few months will be a decisive moment that will influence the fate of the US economy.
● The key to success or failure is whether the Fed, led by Powell, can achieve accurate interest rate adjustments and sharp insight into economic data, and return inflation to target levels without causing a recession.
● Within the Federal Reserve, opinions are divided on future interest rate trends. However, he believes there are only two paths the Fed should take over the next few months.
● ① In order to prevent inflation from recurring after interest rate cuts, the Fed will cut interest rates by 25 basis points every time at the next few meetings within the year. After that, the scale and speed of interest rate cuts will be adjusted based on economic results at the beginning of next year. ② If the economic slowdown becomes more serious, the Fed will cut interest rates drastically by 50 basis points, and there is a possibility that interest rates will be lowered to close to 3% by next spring.
● Nick Timiraos, a famous reporter for the Wall Street Journal, believes that the next few months will be a decisive moment that will influence the fate of the US economy.
● The key to success or failure is whether the Fed, led by Powell, can achieve accurate interest rate adjustments and sharp insight into economic data, and return inflation to target levels without causing a recession.
● Within the Federal Reserve, opinions are divided on future interest rate trends. However, he believes there are only two paths the Fed should take over the next few months.
● ① In order to prevent inflation from recurring after interest rate cuts, the Fed will cut interest rates by 25 basis points every time at the next few meetings within the year. After that, the scale and speed of interest rate cuts will be adjusted based on economic results at the beginning of next year. ② If the economic slowdown becomes more serious, the Fed will cut interest rates drastically by 50 basis points, and there is a possibility that interest rates will be lowered to close to 3% by next spring.
Clues to the economy
●Chairman Powell's Jackson Hole AddressThere is no change that traders are interested in.
● In the US, the number of unemployment insurance claims and initial PMIs will provide further clues about the health of the economy.
● Meanwhile, the European economy showed a surprising rise due to the hosting of the Paris Olympics, and the overall PMI for the European region surpassed even the most optimistic forecasts.
●Chairman Powell's Jackson Hole AddressThere is no change that traders are interested in.
● In the US, the number of unemployment insurance claims and initial PMIs will provide further clues about the health of the economy.
● Meanwhile, the European economy showed a surprising rise due to the hosting of the Paris Olympics, and the overall PMI for the European region surpassed even the most optimistic forecasts.
[Breaking News] The number of new unemployment insurance claims in the US last week is as expected
Number of new unemployment insurance claims in the US last week: +0.232 million (forecast: 0.232 million, previous: 0.227 million)
Number of new unemployment insurance claims in the US last week: +0.232 million (forecast: 0.232 million, previous: 0.227 million)
Is now the time to buy Bitcoin? Will October be a bull market again
Due to the big crash on 8/5 $Bitcoin (BTC.CC)$It plummeted to 49,000 US dollars at one point. The US stock market has recovered after recording a historic stock crash. Meanwhile, the rebound in Bitcoin prices was slower than the US stock market, and the rise was heavy. On the 20th, it temporarily recovered to the 0.06 million dollar 1000 dollar range again.
Due to the big crash on 8/5 $Bitcoin (BTC.CC)$It plummeted to 49,000 US dollars at one point. The US stock market has recovered after recording a historic stock crash. Meanwhile, the rebound in Bitcoin prices was slower than the US stock market, and the rise was heavy. On the 20th, it temporarily recovered to the 0.06 million dollar 1000 dollar range again.
— MooMoo News Zeber
Source: Moomoo, Bloomberg, CME FedWatch, Dow Jones, Fisco
This article uses automatic translation for some of its parts
Source: Moomoo, Bloomberg, CME FedWatch, Dow Jones, Fisco
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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