.IXIC Nasdaq Composite Index
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The dollar falls and everything rises! CPI consolidates expectations for the Fed to cut interest rates, and the Asian market continues to dance?
① The US April CPI report released on Wednesday further strengthened the Fed's interest rate cut expectations for September, and the global market once again showed a “dollar falling and everything rising”; ② After overnight, the three major US stock indexes surged across the board, and soon after the opening of the market on Thursday, the Asian market “continued to play and dance”.
US stock night trading | WSB concept pullback, GameStop fell by more than 16%; Anda Insurance surged more than 8% to become Berkshire's ninth largest stock
Cisco rose more than 5% at night, with third-quarter revenue of US$12.7 billion. Analysts expected US$12.66 billion, and the company raised its full-year revenue guidance.
Wall Street Discusses “Terrible” Prospects: If Trump Is Elected, Will He “Take Over” the Federal Reserve?
Former New York Federal Reserve Chairman Bill Dudley wrote on Wednesday that although it is not easy for Trump to destroy the independence of the Federal Reserve, this is indeed a very scary prospect.
Agency: Is the weakening of the US CPI in April a matter of joy or concern?
The third quarter was the main window for inflation to fall back and policy adjustments. The current inflation data fell short of expectations and ostensibly raised expectations of interest rate cuts, but it is probably not a “good thing” too early.
Futu Morning Post | The three major US stock indices hit new highs! Ultramicrocomputers and Nvidia explode together
“New Federal Reserve News Agency”: The Federal Reserve may still not cut interest rates until September; “Big Short” Michael Burry took a heavy gold position in the first quarter.
Express News | CICC: Reiterates that the Federal Reserve may cut interest rates only once this year, either in the fourth quarter
Top 20 Turnover | Nvidia rose 3.58%, investment bank targets $1,200
On Wednesday, Tesla, which ranked 3rd in terms of US stock turnover, closed down 2.01%, and traded $13.905 billion; 16th place MicroStrategy closed 15.86% higher with a transaction of US$2,906 million.
Kashkari expects high interest rates to remain high for some time, saying the Federal Reserve is closely monitoring housing inflation
① Kashkari said during the discussion that he was very surprised by the resilience the US economy has shown in the high interest rate environment so far; ② “We may need to wait a little longer until we figure out the direction of potential inflation before drawing a conclusion.”
US stocks closed | CPI revived expectations of interest rate cuts, and the three major indices reached new highs; Meme stocks pulled back, Game Station fell nearly 19%
The chip stock index rose four times in a row. Nvidia closed up more than 3%, the AI “monster stock” ultra-microcomputer rose nearly 16%, and Dell rose more than 11%.
Express News | Wall Street reviews US CPI: Opening the door to this year's interest rate cuts will be enough for the Federal Reserve to cut interest rates in September
US retail sales in April fell short of expectations, and the outlook for the Fed to cut interest rates was supported
According to the data, retail sales in the US increased 0% month-on-month in April, falling short of market expectations of 0.4% and lower than 0.6% after a downward revision in March.
US stocks have reached another record high, and Wall Street Investment Bank's “torn up report” is also there!
On Wednesday, the S&P 500 Index (SPX) and Nasdaq 100 Index (NDX) both rose to new intraday highs as US CPI data for April showed core inflation cooling down for the first time in six months, strengthening people's bets that the Federal Reserve will cut interest rates as early as September. Meanwhile, retail sales in the US stagnated in April, and the increase in the previous two months was revised downward.
CPI data rekindles expectations of interest rate cuts! “New Federal Reserve News Agency” splashes cold water: there is no hope until September
Nick Timiraos pointed out that millions of Americans are still facing huge price pressure, and after the April report, two CPI reports are needed to boost confidence in the Federal Reserve.
Early trading of US stocks | US stocks rose slightly, Meme stock gains cooled down, Game Station fell more than 29%
US stocks opened higher on Wednesday. The US CPI report for April showed that inflation was cooling down, causing the market to expect the Federal Reserve to speed up the pace of interest rate cuts in 2024, and US retail sales slowed markedly in April.
Interest rate cuts are on the rise! The annual rate of the US core CPI fell to its lowest level in nearly three years, and US stocks reached a new high
Before the market on Wednesday local time, the US Department of Labor disclosed the consumer price index for April, with a nominal CPI rate of 3.4% per annum, in line with expectations; the CPI rate increased by 0.3%, slightly lower than expectations of 0.4%; and the more critical core CPI annual rate fell further to 3.6%, in line with expectations, while falling to its lowest point since April 2021.
Express News | After the CPI report, Damo updated the US PCE growth forecast for April
Express News | “Federal Reserve microphone”: The Federal Reserve may still not cut interest rates until September
Express News | After the CPI data was released, the probability that the Federal Reserve would stay on hold in June remained basically unchanged
Express News | Analyst: The basic situation is that the Federal Reserve will cut interest rates this year
Express News | Analyst: Prices need to cool down further before the Federal Reserve cuts interest rates