US Morning News Call | First Rate Decision Amid Trump's "Tariff War" Announced Today
The Fed's Wait-and-See Outlook Obscures a Bigger Strategy Shift
As Debt Ceiling Looms, the Fed Considers Tweaking Its Portfolio Runoff
FOMC Press Conference, March 19, 2025
Goldman Sachs: The effective tax rate in the USA may soar to its highest level in decades this year, Bullish on China's A-shares and Listed in Hong Kong.
①Goldman Sachs expects that the effective tax rate in the USA will rise by an average of 10 percentage points this year, the highest level in decades, which could lower the GDP growth forecast for the USA in 2025 to 1.7%; ②Goldman Sachs is Bullish on European stocks and China's A-shares and Listed in Hong Kong, expecting that the European stock market will continue to outperform Large Cap, and has raised the earnings per share growth forecast for Europe.
A record "escape from US stocks"! For Institutions, March 2025 feels like August 2007, August 2011, or even March 2020.
As US stocks plunged into a 10% correction last week, investors are selling stocks at a record pace. Bank of America indicated that behind the record 'exodus from US stocks' is the investors' very pessimistic outlook on global economic growth. A Bank of America survey revealed that global fund managers reduced their holdings of US stocks to the largest scale ever from March 7 to 13, covering 171 fund managers who collectively manage assets of 426 billion USD. Bloomberg reporter Lisa Abramowicz cited the Bank of America survey, stating that for some institutional investors, the market atmosphere in March 2025 is reminiscent of...
