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US Stocks Recover, Tech Rebounds Ahead Of Fed Cut
Is the Fed going to take major action soon? The market is betting on a 50 basis point rate cut, and technology stocks and junk bonds are celebrating!
This week, enthusiasm in the technology, cryptos, and junk bonds markets has once again heated up, boosting the confidence of fund managers, as they expect policymakers to potentially rare cut interest rates by half a percentage point.
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"Reply 1996" is currently showing: How far has the AI boom progressed? Referring to the "1996 Moment" in the internet era.
"We are just entering 1996," according to the latest report from bank of america. The bank stated that the artificial intelligence boom is still in a very early stage.
Technology stocks led the S&P to four consecutive gains, Oracle reached a new high after hours, the US dollar and US bonds fell, gold hit a new high, and commodities rose.
In August, the PPI in the United States showed a cooling down of inflation, and the market slightly raised its bets on the Fed's aggressive interest rate cuts. US stocks rose together, with Nvidia up nearly 2%, while NIO Inc and XPeng fell more than 5%. The European Central Bank cut interest rates for the second time this year, but maintained a restrictive policy. European bonds fell, and the euro rebounded from its four-week low. Commodities rose across the board, with US oil briefly rising by 3.7%, gold reaching a new high with a nearly 2% increase, palladium rising by over 4%, and copper experiencing its largest two-month increase.
sean lys : Hopefully can fill the gap back up to 183 within Sept