RWM Short Russell 2000 Proshares
- 18.870
- -0.310-1.62%
Technology stocks encountered a "Black Wednesday", USA's "hard landing" should not be ignored!
Some popular recession indicators are continuously alarming, and the yield curve has been inverted for two years, releasing recession signals of unemployment rate. The market is paying attention to whether the second quarter GDP to be released on Thursday will trigger a red light warning.
US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
Two officials of the Federal Reserve indicated that it is necessary to reform the discount window tool.
Boorman, a director of the Federal Reserve, and Logan, the president of the Dallas Federal Reserve, suggested that the Federal Reserve should assess to what extent its emergency lending tools can meet the liquidity needs of the banking system, implying the need to reform the discount window.
Magnificent 7 Is the Most Crowded Trade, Utilities Most OW Since 09' - BofA's FMS
Russell 2000 Breaks Above 2-1/2 Year Resistance Level, Topping Jan. 2022 Highs
How do high officials of the Federal Reserve view the significant cooling of inflation in the USA?
Two senior officials from the Federal Reserve spoke on Thursday, stating that inflation is making progress. The president of the St. Louis Reserve stated that the current policy interest rate is appropriate at this stage. The president of the San Francisco Reserve stated that given recent employment and inflation data, the Federal Reserve may need to make interest rate adjustments, but did not provide a specific schedule for rate cuts.
"Xinmei Federal Reserve News Agency" evaluates CPI in June: Mild inflation opens the door for a rate cut in September.
According to Timiraos' article, after the release of CPI, investors have increased the possibility of rate cuts in September, November, and December this year. A major question at this month's Fed meeting is how much basis Fed officials have laid for a rate cut in September. This year's FOMC voter, President of the San Francisco Fed, Daly, expects that it may be reasonable to cut interest rates soon after the announcement of the CPI, but also said that more information needs to be collected.
No longer a case of "The Boy Who Cried Wolf"? The New York Federal Reserve comments that this time, "Powell Pivot" will be more sustainable than at the end of last year.
Nowadays, the threshold for Fed rate cuts is lower than in previous months and the situation has changed. Powell believes that inflation is returning to normal and the labor market is clearly weakening, further weakness is unnecessary and unwanted.
Yellen and Powell agree: the US labor market is weakening the push for inflation, and inflation pressures may continue to ease.
The current labor market is no longer the primary factor driving inflation in the US economy, as it was in the early stages of the pandemic recovery.
From "to cut or not to cut interest rates" to "who will be elected", predicting this business has become popular!
From new movie reviews to key economic data, from Federal Reserve rate cuts to US elections... Predicting markets is quietly rising.
The US Federal Reserve has been slow to cut interest rates, and the size of the US money market has surpassed 6.15 trillion US dollars, reaching a new high.
In the week ending on the 2nd, there was a inflow of approximately $51.2 billion into the US fund market, the largest inflow in three months. Some analysts pointed out that as long as the Federal Reserve continues to hold steady, funds will continue to flow into currency funds.
The US election has stirred up the market! The speculation around Biden's withdrawal continues to ferment, and Wall Street turns to 'Trump's trade'.
Traders are adjusting their positions.
Is the US labor market showing signs of losing momentum? Investors are closely watching two key reports this week.
The hot labor market has always been a key obstacle preventing the Fed from cutting interest rates.
ProShares Short Russell2000 Declares Quarterly Distribution of $0.2885
April Nonfarm Payrolls Preview: Latest Employment Data Unlikely to Change Fed's More Hawkish Stance
US stocks closed | PCE suspends inflation concerns, Google's performance soared more than 10% after that, and Nvidia rose more than 6%
The S&P Index rose 2.67% this week, and the NASDAQ rose 4.23%, all of which recorded the biggest weekly gain since November last year; the China General Index rose nearly 9% weekly, the biggest increase since July last year.
US stocks closed | The NASDAQ rose slightly, Google rose more than 3% to a record high, Micron rose more than 5%, and Trump Media Technology fell more than 21%
Tesla's intraday decline of more than 3% covered most of the declines; Nvidia almost closed down, falling more than 1%; the chip stock index rose three times in a row, with Micron rising more than 5%; and Trump Media fell more than 21% after the earnings report.
US stocks closed | Apple supported S&P's rebound to a new closing high, Nvidia reversed the market and fell more than 2%, and MSD surged nearly 5% to a record high
The S&P Dow ended three consecutive declines. The Dow rose more than 1.2% to record the biggest increase in three months. The NASDAQ closed higher but turned down several times in the intraday period. MSD closed up nearly 5%, and Intel rose more than 4%, leading the Dow. On the two days of its listing, Trump Media closed up more than 10% daily.
US stocks closed | The three major indices collectively closed down, Nvidia surged high and dived at the end of the session, and Tesla reversed the market and rose nearly 3%
The three major US stock indexes hit a one-week low during the intraday period, and the S&P Dow fell three times in a row. The AI “monster stock” ultra-microcomputer market initially rose 6% and then closed down nearly 2%; Trump's social media company debut closed up 16%. China's stock index fell four times in a row, with NIO falling more than 2%, Baidu falling nearly 2%, and Ali rising slightly.
US stocks closed | The three major indices closed down slightly, and Nvidia hit a new closing high; cryptocurrency concept stocks strengthened, and MSTR rose nearly 22%
The S&P Dow fell two times in a row, and the NASDAQ stopped rising for five consecutive years. The “Seven Sisters” of technology fell sharply in the intraday market. Apple, Google, and Meta, which were surveyed by the European Union, all fell more than 1% in the intraday period, and Nvidia rose more than 2% after rising; the chip stock index ended two consecutive gains, and AMD and Intel both fell more than 4% in the intraday; AI concept stock Super Micro (SMCI) closed up more than 7%; and Trump's social media closed up the merger and acquisition company DWAC by 35%.