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Earnings Preview: Evercore to Report Financial Results Pre-market on October 23
Investors are looking forward to economic forecasts, but the Federal Reserve has been stuck in a six-week data cycle.
Federal Reserve Chairman Powell has repeatedly emphasized over the past few months that interest rate decisions will be based on upcoming data releases and will be determined according to each meeting's circumstances. The Fed will release a summary of each decision-maker's quarterly economic forecasts, but Powell said that only reflects their views at that time. He stated in the final press conference on September 18, "Our actual actions will depend on the economic performance." This may sound reasonable, but it is quite unusual in terms of monetary policy. Central banks usually pay attention to the latest economic data and use it as a guide when the short-term outlook is highly uncertain. However, doing this for a long time has made some investors and economists doubt Powell's decisions.
Trump-Harris Race: Georgia Judge Overrules Republican-Enforced Election Rules Ahead Of Crucial November Elections: 'No Constitutional Authority To Promulgate'
Donald Trump Extends Betting Odds Lead To 58:42—Here's How Kamala Harris Plans To Reverse The Trend
Apple's stock price hit a new historical high during the trading day, driven by artificial intelligence to heat up the uptrend.
Apple's stock price rose 2.7% in Tuesday's trading session, hitting a record high for the first time since July. The stock continues its recent uptrend; it has risen 14% from its low point in August. The company recently launched a new iPad mini with Apple Intelligence ai function. Apple also received a "tactical outperformance of large cap" rating from Evercore ISI. Melius Research is bullish on the stock, citing an "unprecedented buyback" and indicating that growth is accelerating. Analyst Ben Reitzes expects "iPhone to welcome
Apollo's CEO: The past 15 years of good fortune in the global asset management industry has come to an end, and in the future, we need to seize these four huge opportunities.
Marc Rowan stated that in the past fifteen years, Apollo's management assets have grown by 16 to 17 times, actually surpassing apple and microsoft, but the lucky streak of the past 15 years has ended, and in the future, we need to seize four huge opportunities - global industrial revival, huge capital needs of global large companies, retirement market with a large demand for fixed income, and rethink the public and private market.