“We do have a lot of uncertainty right now … Also, I would call it an air of skepticism in terms of what [artificial intelligence] can deliver in terms of profitability and productivity, at least in the near term. And the market right now is a very much in a ‘show me’ state and wants to see this happen or see proof on a more accelerated timeframe,” Yung-Yu Ma, chief investment officer for BMO Wealth Management, said on CNBC’s “Closing Bell.” There are healthy areas of the market, such as cruise...
Aaron Invests (AI)
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The July Markit Manufacturing PMI hit a seven-month low, while the Services PMI reached a 28-month high, presenting a mixed economic picture amid election uncertainties and rising input costs. Analysts noted that the preliminary U.S. Markit PMI data indicated a "Goldilocks" scenario at the start of the third quarter, with the economy growing at a steady pace while inflation showed signs of easing. However, they cautioned that this positive outlook comes with caveats. The unc...
U.S. Treasury yields fell on Thursday as investors awaited crucial economic data. The 10-year Treasury yield dropped over five basis points to 4.2349%, while the 2-year yield fell to 4.3585%. On Wednesday, data showed the U.S. PMI flash manufacturing output index for July fell to 49.5, below the expected 51.5, indicating a contraction. Investors are focusing on upcoming data, including durable goods orders, weekly jobless claims, and a prelimin...
Jim Cramer reviewed Wednesday’s tech sell-off, highlighting investor disappointment with Alphabet and Tesla earnings.$S&P 500 Index(.SPX.US)$and$Nasdaq Composite Index(.IXIC.US)$had their worst days since 2022, dropping 2.31% and 3.64% respectively.$Alphabet-A(GOOGL.US)$fell over 5%, while$Tesla(TSLA.US)$plummeted more than 12%. Cramer noted Wall Street's shift from mega caps to small caps, believing mega-cap stocks reached unsustainable le...
搞经济 抄底 加仓 : If they RUN. I'm 100% sure they will not tell us in advance. get It?