Weekly preview | Many Federal Reserve Officials Take Turns! Big results from Disney, Palantir, Occidental Petroleum and others hit
Data such as the number of initial jobless claims in the US, the University of Michigan consumer confidence index, and China's Caixin service industry PMI for April will be revealed one after another.
Institutions | Non-agricultural farmers are not weak enough to need to cut interest rates; when to cut interest rates still depends on inflation
The US added 175,000 new non-farm payrolls in April, falling short of market expectations. The unemployment rate rose slightly, and the hourly wage growth rate slowed.
Bank of America: Weak employment reports are a sign of stagflation, increasing the risk of a sell-off in US stocks
Bank of America strategist Michael Hartnett said that the weak non-farm payrolls report would be a sign of stagflation, increasing the possibility of a sell-off in the stock market.
The Federal Reserve's hawk pigeon “shared”, Bowman: High inflation will continue for some time, Goulsby: We need more employment reports like Friday
Federal Reserve Governor Bowman said that as the Federal Reserve maintains high interest rates, inflation will eventually fall, but he is willing to raise interest rates if future data shows that the progress of the decline in inflation has stagnated or been reversed. Chicago Federal Reserve Chairman Goulsby said that he is waiting for more data to determine whether inflation will fall to the target. The non-farm payrolls report is steady this Friday. The more such reports there are, the more assured he is that the economy is not overheating and that inflation has not rebounded.
Top 20 Turnover | Apple surged 6% after announcing a $110 billion share repurchase plan
On Friday, Nvidia, No. 1 in terms of US stock turnover, closed 3.46% higher, with a transaction of US$35.189 billion; No. 2 Apple closed 5.98% higher, with a transaction of US$30.13 billion; and Tesla, number 3, closed 0.66% higher, with a transaction of US$13.683 billion.
US stocks closed | NASDAQ rose about 2%, Apple surged 6% after the results, and Nvidia rose more than 3%
The three major US stock indexes closed up at least 1%; Amgen led the S&P and Dow, the diet drug duo Lilai once fell more than 3%, and Novo Nord Europe shares once fell more than 5%; the chip stock index closed up more than 2% and still fell throughout the week. Qualcomm's sharp rise fell back the next day, and AMD earnings fell more than 4% in the week
Options traders question Powell's dovish remarks; are expectations of the Fed's interest rate hike heating up?
Options linked to interest rates for guaranteed overnight financing suggest that the possibility that the Federal Reserve will raise interest rates in September or December is around 18% and 20%, respectively.
Hong Kong stocks and offshore renminbi have surged! The May Day holiday has only the final test: US non-agricultural farmers
The US non-farm payrolls data for April will be released tonight at 20:30 Beijing time.
Inflation is hanging again! Productivity growth slowed, and the increase in labor costs in the US in the first quarter was the biggest in a year
Thursday's data is the same as this Tuesday, another labor cost data released by the US Bureau of Labor Statistics — the employment cost index. The trend is consistent, which may increase the risk that US inflation will continue to be high. The analysis also said that the data did not show that AI increased productivity.
Options traders don't believe Powell and still predict the possibility that the Fed will raise interest rates before the end of the year
After Federal Reserve Chairman Powell said interest rate hikes were “unlikely,” options traders are still predicting the possibility that the central bank may raise borrowing costs before the end of this year.
“The craziest non-farm day of the year” is coming soon!
Staying steady, S&P 500 options show that traders are facing the craziest US non-farm payday in a year.
Turnover TOP20 | E-commerce stocks generally rose, Alibaba rose 6.38%, Pinduoduo rose 10.48%
On Thursday, Nvidia, the number one in terms of US stock turnover, closed 3.34% higher, with a turnover of US$32.097 billion; Qualcomm, the tenth place, closed 9.74% higher, the biggest one-day increase since November 2021, with transactions of US$4.639 billion.
US stocks closed | NASDAQ rose more than 1.5%, China probably surged, and Xiaopeng rose nearly 16%
S&P stopped two consecutive declines. Chip stocks rebounded strongly to support US stocks, rising nearly 10% after Qualcomm's results; Station B rose more than 15%, and JD rose more than 11%.
Express News | Old debt king Gross ruled that the “total return” strategy is dead, 10-year US Treasury yields will exceed 5%
The US labor market is “worried”! The Federal Reserve's path to fighting inflation may be even more difficult
Labor costs in the US hit their biggest increase in a year, and the risk that inflation will continue to rise has increased again.
Express News | The number of jobless claims in the US at the beginning of last week was 208 thousand, less than expected
Express News | HSBC lowered the forecast for the Fed to cut interest rates during the year from 75 basis points to 25 basis points
“New Federal Reserve News Agency”: No matter what Powell “says”, in the end, inflation has the final say
Nick Timiraos, a reporter from the New Federal Reserve News Agency and the Wall Street Journal, wrote that the current market's tendency to determine the Federal Reserve is not that important; what is more critical is economic and inflation data.
Express News | US Employment Data Challenger: The auto industry had the most layoffs in April, totaling 14,373 people, mainly because Tesla announced it would lay off 14,000 employees, or 10% of its total global workforce. The automotive industry laid off a total of 20,
The “May Curse” is here again. Should we sell US stocks? Wall Street changes its voice: don't sell it!
① Wall Street analysts are questioning the phrase “sell in May and then leave”; ② Since 1950, the average return for the S&P 500 from May to October was actually positive, at +1.7%; ③ with positive returns in the previous first quarter and negative returns in April, the return on US stocks was even higher, reaching 83%.