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Harris or Trump? Shouldn't Matter for Markets – Oppenheimer Asset Management
Wall Street hotly debates the two-year bull market of US stocks: crossed the mountain, the road is not over yet
①The current bull market in the US stock market began after the market crash in October 2022, and it has been exactly two years since then; ②Currently, Wall Street strategists interviewed by the media generally believe that unless there is an unexpected impact, the bull market in the US stock market is still expected to continue to run wildly.
The 'miracle' of the continuous record highs in the US stock market: Wall Street is in a panic but keeps buying non-stop.
①If people take a simple glance at the current USA market, what undoubtedly comes into view is a healthy picture; ②The s&p 500 index has just set the 45th historical high of the year, corporate bonds still showing no worrisome signs, while csi commodity equity index continues to rise under the optimistic sentiment of the global economy; ③However, after a deeper study, the outlook will quickly appear somewhat dim.
Stay vigilant, Goldman Sachs' top traders say they are expecting a "turmoil for the next month," the USA economy may not land.
Goldman Sachs hedge fund research director Pasquariello mentioned some key market variables, stating that Goldman Sachs' baseline forecast is for the Fed to cut rates by 25 basis points each at the remaining two meetings this year; hedge funds bought heavily last week after selling US technology stocks for five consecutive months, and bought even more rapidly this week, as the technology sector is about to enter the earnings season; the tense situation will continue until the results of the US presidential election in November are clear.
US Stock Futures Drift Higher as Markets Digest Hot CPI
"New Federal Reserve News Agency": In September, the CPI in the usa was mixed, with the road to cooling inflation continuing to be difficult.
Timiraos cited disappointing inflation data and industry views on cooling inflation in his latest article. He also quoted the latest speech from Atlanta Fed President Bostic, 'Maybe we should pause rate cuts in November.' Timiraos points out that investors have been reconsidering the pace of Fed rate cuts, as recent labor market data shows the US economy may be stronger than expected. Although investors still believe the Fed will cut rates at the remaining two meetings this year, they now think that the rate of rate cuts next year and the magnitude of cuts for the entire easing cycle will be smaller than expected a few weeks ago.
