US August CPI Preview | Why Falling Inflation Can't Please Investors Anymore
Understanding the CPI
Is there any possibility of a 50 basis point interest rate cut? Tonight, the night of the Consumer Price Index (CPI) will determine everything!
Last Friday's US non-farm night has made the expectation of a 25 basis point interest rate cut by the Federal Reserve this month the mainstream in the current market. Whether the tilted expectation of an interest rate cut will continue until the Fed's interest rate decision day next week remains to be seen. Tonight could be the last "decisive moment"...
Trump said: "I will do more for the cryptocurrency circle!" Investors: How can they cry?
Trump's debate style is like a bottomless publicity show, and every word he says may cause crazy market fluctuations. Especially when he exclaims, 'I will do more for the crypto circle,' the cryptocurrency community starts to stir, imagining that if he becomes president, he will tweet every time, 'I'm ready to add some heat to your dogecoin!'
Goldman Sachs: The probability of US stocks entering a bear market is very low, and the Federal Reserve is more likely to cut interest rates by 25 basis points in September.
Goldman Sachs pointed out that although there is a high risk of investor withdrawal, there is not much reason to believe that US stocks will fall 20% from their recent highs.
Showdown at the peak! The first debate of the US election between Hart and Trump has come to an end. Who won, Trump or Harris?
On September 11th, from 9:00 to 10:45 Beijing time, the presidential candidates in the United States - former President Trump and current Vice President Harris - held a televised debate for the US presidential election. This was also the first face-to-face confrontation between the two candidates. In this debate, the two candidates discussed various issues, including the economy, abortion rights, immigration, the Israeli-Palestinian conflict, the Russia-Ukraine conflict, the Afghanistan issue, and climate change.
Has the interest rate cut storm arrived? American financial stocks have fallen collectively, and Goldman Sachs has been hit the hardest.
"Downward" management expectations
Trump and Harris Meet for High-Stakes Presidential Debate -- Update
Harris Looks to Future on Economy, Trump Hammers Inflation
Will the Fed's rate cut put pressure on the strong US dollar? Goldman Sachs: Limited downside risk.
Goldman Sachs forex analyst Isabella Rosenberg stated that the upcoming Fed rate cut poses limited downside risk to the US dollar; In fact, in a report she provided to clients, a synchronized global central bank rate cut typically accompanies a strengthening of the US dollar.
Federal Reserve Plans Lighter Capital Requirements for Banks, Barr Says
Tech Leads S&P 500, Nasdaq Higher As JPMorgan Drags Dow Lower
CPI Inflation Report Could Push Fed to Make an Even Bigger Rate Cut in September
Bonds Signal Largest Rate Cuts Since '08 Crisis. What It Means for Stocks
Wall Street Breakfast FM-Radio | September 11, 2024
Understand the global market in five minutes, all on Financial Breakfast.
US stocks closed: Wall Street giants lined up to initiate 'market cap downsizing', dragging down the Dow Jones alone.
①S&P and NASDAQ continue to rise for the second consecutive day, while the Dow is dragged down by financial giants and closes lower; ②It will be even more eventful after today's closing: Trump-Harris debate, followed by CPI data; ③After releasing its financial report, Oracle's stock price surged 11% to a new all-time high; ④Sony launched the new PS5 Pro console, with 90% of players expressing dissatisfaction with the high price.
The market remains confident in further economic growth. Financial stocks have outperformed the large cap of the US stock market in the past year.
According to DataTrek Research, financial stocks in the S&P 500 index have outperformed the overall US stock market in the past year.
Foreign Headlines: The Federal Reserve plans to modify the proposal for capital reform. UBS predicts that the S&P 500 index will fall by at least 10%. The CEO of Morgan Stanley says stagflation is still possible.
Global financial media last night and this morning, the headlines that have received common attention include: The Federal Reserve intends to revise the capital reform proposal, and the impact on large banks will be half as much as the initial plan. Federal Reserve officials stated that U.S. regulatory institutions will comprehensively modify the draft on bank capital reform, with the impact on large banks expected to be reduced by half compared to the initial plan, and small banks may be exempt from a large part of the measures. The proposed revisions will be previewed by Michael Barr, the vice chairman in charge of regulation at the Federal Reserve. The regulatory authorities originally planned to increase the capital of the eight largest banks by 19%, but the new regulations plan to cut this amount in half. Citigroup, Bank of America, J.P. Morgan
Wall Street Today | Market Flat Tuesday While JPM Falls
UBS strategist expects the S&P 500 index to fall by at least 10%.
Rebecca Cheong, the head of UBS's US stock derivative strategy, said she expects the S&P 500 index to drop at least 10% from its peak within a month. "Tactically, I am bearish for the next two months," she wrote in a report to clients on Tuesday. "Disappointing upcoming economic data could trigger a significant retreat." She suggests investors hedge their positions by purchasing the tail hedging of ETFs to prevent losses and recommends iShares IWM Russell 2000 ETF, Financial Select Sector SPDR Fund (XLF US), and iShares