Columns US Banks 2Q24 Preview:Investment Banking Rebounds Sharply, Net Interest Income Outlook Brightens
This Friday, $JPMorgan(JPM.US$, $Citigroup(C.US$, $Wells Fargo & Co(WFC.US$, and $Bank of New York Mellon(BK.US$ are set to unveil their quarterly earnings, heralding the start of the banking industry's second-quarter report card.
A Brief Review of the Banking Sector
Ever since the Federal Reserve embarked on its rate-hike cycle in March 2022, the relentless climb in interest rates has significan...
Ever since the Federal Reserve embarked on its rate-hike cycle in March 2022, the relentless climb in interest rates has significan...
![US Banks 2Q24 Preview:Investment Banking Rebounds Sharply, Net Interest Income Outlook Brightens](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240709/1720528465885-1866c83f5b.png/thumb?area=100&is_public=true)
![US Banks 2Q24 Preview:Investment Banking Rebounds Sharply, Net Interest Income Outlook Brightens](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240709/1720528465487-a23c3696a7.png/thumb?area=100&is_public=true)
![US Banks 2Q24 Preview:Investment Banking Rebounds Sharply, Net Interest Income Outlook Brightens](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240709/1720528465554-a54646e397.png/thumb?area=100&is_public=true)
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Ever since AI frenzy first took over markets, the semiconductor-tracking SOX index has shot past benchmark indices, and is already up 35% year-to-date. According to Bank of America, the semiconductor bull run is a long way away from petering out, with artificial intelligence momentum likely to carry it towards a mid-2026 peak.
Of course, a pullback could come from near-term triggers, such as the US election or monet...
Of course, a pullback could come from near-term triggers, such as the US election or monet...
![BofA Says Chip Stocks Won't Peak Until Mid-2026: Wall Street Picks These 9 Stocks](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240709/c79cf0a7d3dc446aaf4eeb00f5101f84.jpg?area=100&is_public=true)
![BofA Says Chip Stocks Won't Peak Until Mid-2026: Wall Street Picks These 9 Stocks](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240709/4117573ec04843a6bca6043d228fed0a.png/thumb?area=100&is_public=true)
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Last week, U.S. Treasuries ended on a strong note, with the benchmark 10-year Treasury yield falling by about 20 basis points over the week, approaching its lowest level since the end of June. Meanwhile, the U.S. S&P 500 Index also scored its 34th record closing high of the year on last Friday.
Recent frequent geopolitical disturbances have heightened the sentiment for "Trump trades" f...
Recent frequent geopolitical disturbances have heightened the sentiment for "Trump trades" f...
![Rate Cut Expectations Rekindled, Pushing the Market to New Highs. What Other Catalysts Could Trigger a Rate Cut?](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240708/50be7e5d369341a3a62da7f391e47679.png?area=100&is_public=true)
![Rate Cut Expectations Rekindled, Pushing the Market to New Highs. What Other Catalysts Could Trigger a Rate Cut?](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240708/92cca7b651a1433f8876fee862101725.png?area=100&is_public=true)
![Rate Cut Expectations Rekindled, Pushing the Market to New Highs. What Other Catalysts Could Trigger a Rate Cut?](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240708/8b8fa47aad364754aceb60971103cbb8.png?area=100&is_public=true)
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$Tesla(TSLA.US$'s latest quarterly delivery data, released on Tuesday, brought a surprising delight to investors. The Q2 deliveries, which exceeded market expectations, and the very robust energy storage performance, ignited bullish sentiment, driving Tesla up over 10% to close at $231.26 on Tuesday. The stock has accumulated nearly 17% gains in the first two trading days of July. Technically,Tesla broke through the 200-day moving avera...
![What's Next as Tesla Jumps 17% in Two Days and Crosses $230](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240703/261dc69ac8610d85d604d549f02a0d03.png/thumb?area=100&is_public=true)
![What's Next as Tesla Jumps 17% in Two Days and Crosses $230](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240703/b73bda8916d4238d96befe7d0566637e.jpg/thumb?area=100&is_public=true)
![What's Next as Tesla Jumps 17% in Two Days and Crosses $230](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240703/ebe4f05a8cde460db8016c415a2b0d90.jpg/thumb?area=100&is_public=true)
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U.S. stocks have posted an impressive election-year rally so far in 2024. The $S&P 500 Index(.SPX.US$ is on pace for its best first-half performance during an election year since 1976, as well as the second-best performance in an election year in its history, according to Dow Jones Market Data.
But investors question whether that rally will continue in the second half of this year. Bank of America cautione...
But investors question whether that rally will continue in the second half of this year. Bank of America cautione...
![Stocks Are Having Their Best Election Year Since 1976: Can the Second-Half Rally Continue?](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240703/f872ee457e0249859dd8df50263ea4a3.png/thumb?area=100&is_public=true)
![Stocks Are Having Their Best Election Year Since 1976: Can the Second-Half Rally Continue?](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240703/026791cb09f14f5ebdfd14144ea317fd.png/thumb?area=100&is_public=true)
![Stocks Are Having Their Best Election Year Since 1976: Can the Second-Half Rally Continue?](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240703/ffa82cb89e3a47cda02ed9bc02543355.png/thumb?area=100&is_public=true)
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As we approach mid-July, all eyes are on the Q2 earnings season, particularly for big tech companies. Investors are keenly aware that the performance of tech giants such as $NVIDIA(NVDA.US$ , $Microsoft(MSFT.US$ , $Meta Platforms(META.US$ , $Alphabet-C(GOOG.US$ , and $Amazon(AMZN.US$ will be pivotal, as their stock valuations have reached stratospheric levels in recent months. The upcoming earnings reports will not...
![Earnings Season Set to Give Big Tech a Reality Check Amid Valuation Pressures](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240702/98b4c03776846c32e2657e8ccdc49208.jpg/thumb?area=100&is_public=true)
![Earnings Season Set to Give Big Tech a Reality Check Amid Valuation Pressures](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240702/985c4ac7325c2f39c1ecc67047f5f52e.jpg/thumb?area=100&is_public=true)
![Earnings Season Set to Give Big Tech a Reality Check Amid Valuation Pressures](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240702/722d9d008f7e115bb1d0d6f143548c69.jpg/thumb?area=100&is_public=true)
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During the first half of 2024, the U.S. stock markets demonstrated robust performance, achieving several significant benchmarks. The $Dow Jones Industrial Average(.DJI.US$ briefly reached an unprecedented 40,000 points, while the $S&P 500 Index(.SPX.US$ experienced a substantial 15% increase, surpassing the 5,500 threshold.
The tech-heavy $Nasdaq Composite Index(.IXIC.US$ also saw impressi...
The tech-heavy $Nasdaq Composite Index(.IXIC.US$ also saw impressi...
![2024 Mid-Year Outlook | Wall Street Forecasts for U.S. Equities Amidst a Volatile Macroeconomic Landscape](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240702/15d17d18e8f7ba5cacaa057f72bab6b2.jpg/thumb?area=100&is_public=true)
![2024 Mid-Year Outlook | Wall Street Forecasts for U.S. Equities Amidst a Volatile Macroeconomic Landscape](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240702/df0a92ab046e607a5b5a97ca6f222d2f.jpg/thumb?area=100&is_public=true)
![2024 Mid-Year Outlook | Wall Street Forecasts for U.S. Equities Amidst a Volatile Macroeconomic Landscape](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240702/7db5c26b5e79446c0bde251df0a55de3.jpg/thumb?area=100&is_public=true)
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Bitcoin recently regained its momentum and rebounded above $63,000 on Monday after hitting a low of $60,000 at the end of June. Despite facing various challenges such as a complex and ever-changing macro environment, sell-off shocks, and a slowdown in ETF demand, the cryptocurrency market is now experiencing new optimism with the increasing possibility of Republican presidential candidate Trump winning the 2024 preside...
![Bitcoin Bounces Back Above $63,000: Could Crypto Become the New 'Trump Trade'?](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240702/1719916853713-49cbdf47d6.png/thumb?area=100&is_public=true)
![Bitcoin Bounces Back Above $63,000: Could Crypto Become the New 'Trump Trade'?](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240702/1719916866853-a656dd000a.png/thumb?area=100&is_public=true)
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According to the Department of the Treasury, the federal deficit in May 2024 was $347 billion, an increase of $107 billion from the same period last year. The cumulative deficit in fiscal year 2024 was $1,202 billion, which is also higher than the $1,165 billion in the same period last year.
■ Deficits set to hit new highs. Will the market repeat the scenario from Q3 last year?
In Q...
■ Deficits set to hit new highs. Will the market repeat the scenario from Q3 last year?
In Q...
![Treasuries Dynamics: Fiscal Deficit Is Expected to Further Expand This Year. Will the U.S. Debt Storm Strike Again?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240702/696749e121174f87ab69818088010bc6.png?area=100&is_public=true)
![Treasuries Dynamics: Fiscal Deficit Is Expected to Further Expand This Year. Will the U.S. Debt Storm Strike Again?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240702/cb687529882743ff873a55e018f66f32.png?area=100&is_public=true)
![Treasuries Dynamics: Fiscal Deficit Is Expected to Further Expand This Year. Will the U.S. Debt Storm Strike Again?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240702/9762396ad8df4ec49b73794e66100420.png?area=100&is_public=true)
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As the dust settles on the latest presidential debate, market analysts are scrutinizing the implications of a potential shift in the political landscape. With former President Donald Trump's support rate increasing post-debate, the healthcare sector is witnessing a surge in certain stocks. Biotech investors are eyeing a favorable environment ahead.
The probability of Trump reclaiming the Oval Office is now pegged at around 6...
The probability of Trump reclaiming the Oval Office is now pegged at around 6...
![Will Trump's Debate Advantage Give Biotech and Healthcare Stocks a Lift?](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240701/7747e5308dec3923c184eb1417898dbb.jpg/thumb?area=100&is_public=true)
![Will Trump's Debate Advantage Give Biotech and Healthcare Stocks a Lift?](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240701/502fd3ab1a7c47dcdd59410580f5e6a2.jpg/thumb?area=100&is_public=true)
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