US stocks close | Tech stocks support US stocks! The NASDAQ rose more than 1%, S&P recorded the biggest three-day increase in nearly half a year, and Nvidia rose nearly 4%
US bond yields broke away from a three-week low, and two-year yields rose for the first time in four days. The US dollar index stopped falling three times in a row and broke out of its low level for more than three weeks.
Express News | China and the US reached a five-point agreement! The two sides announced that they will hold the first meeting of the Sino-US intergovernmental dialogue on artificial intelligence
US stock outlook | The number of initial jobless claims in the US rose to a new high since the end of January, and the three major indices are rising in a straight line
US Treasury Secretary Yellen arrives in Guangzhou; Apple studies household robots as the next major project; Cook cut Apple stock holdings by about $33 million; and Google is considering charging artificial intelligence-based searches.
“An attractive valuation after a sharp drop”! PIMCO's funds increase their holdings of Chinese securities
PIMCO analysts believe that from a value perspective, securities currently look quite attractive, and that the valuations of Internet companies such as Ali and Tencent have fallen to historic lows. In mid-September 2023, the PE for Internet stocks was 15.7 times, while in March 2024, PE valuations fell to a low level of about 13 times.
These cities became popular travel car destinations during the 2024 construction season
Gelonghui, March 19 | According to Didi data, as of mid-March, car use by companies in various industries had recovered to last year's high; car use in the first month after the Spring Festival recovered 7 to 10 days faster than in 2019. Among them, travel vehicles in manufacturing, high-tech, finance, internet and other industries stand out; Shanghai, Shenzhen, Hangzhou, Suzhou, Chongqing, Dongguan, and Zhengzhou have become the most popular cities for business vehicles. Looking at 2023, 39 central enterprises were newly connected to Didi Enterprise Services, and more than 1/3 of the Fortune 500 companies are using Didi Enterprise Services.
Futu Morning Post | Goldman Sachs lowers expectations for the number of interest rate cuts during the year; GTC conference opens, Nvidia launches new flagship AI chip
Interest rate swap prices indicate that the probability that the Fed will cut interest rates in June is less than 50%; the Bank of Japan will end the policy of controlling yield curves and buying ETFs on Tuesday; BlackRock Strategist: Optimistic US stock sentiment will continue.
Weekly outlook | Market attention! The Federal Reserve's interest rate decision hit hard, and Tencent, Pinduoduo, and Meituan financial reports were announced
The State Information Office will release important data such as the annual rate of fixed asset investment in China's cities and the annual rate of total retail sales of social consumer goods; the Bank of Japan will hold a monetary policy press conference; Nvidia will host an AI conference; and the “US version of Tieba” will be listed on Reddit.
Express News | DiDi: More than 1 million female drivers and takeaways around the world earn revenue through the DiDi platform
US Stock Outlook | “Horror data” recorded the biggest decline since March 2023! The three major indices rose slightly
Former Federal Reserve economist: There is no need for the Federal Reserve to postpone interest rate cuts; Societe Generale: the S&P 500 index rises another 25% to count as a bubble; Nvidia revealed its holdings in Arm and SOUN, and SOUN soared more than 83% before the market.
US Stock Outlook | The three major indices rebounded collectively, and Chinese securities generally rose before the market; has US inflation revived? January PCE data will be the key verification
The CPI report was so “explosive”! Traders have successively reduced their bets on the Federal Reserve's interest rate cut before July; Uber announced a repurchase of 7 billion US dollars of shares, and the company rose more than 7% before the market; Lyft's 2024 guidance exceeded expectations, rising more than 23% before the market.
Sudden late-night! Ma Yun's big news is that Ali is soaring, China's assets are also booming, and the RMB is skyrocketing!
Just now, Ma Yun and Cai Chongxin took action.
Internet sector investment outlook for 2024: Preferring leading companies with a stable competitive pattern and increased share
In a scenario where the macroeconomic economy is clearly improving, it is recommended to focus on track companies such as online recruitment, advertising, e-commerce, etc.; in a scenario where the macroeconomic outlook is uncertain, it is recommended to focus on track companies such as online music, ticketing platforms, and online freight.
Futu Morning Post | Apple's market capitalization has evaporated hundreds of billion US dollars at the beginning of the year; US stock bears lost 12.2 billion US dollars at Tesla last year
The US Markit service industry and comprehensive PMI both hit new highs since July last year; Zuckerberg began “selling and selling” Meta shares and has been selling them every day since November 1; and Qualcomm launched an upgraded mixed reality headset chip.
Express News | 17 departments including the National Data Administration: Promoting the innovation and development of intelligent connected vehicles to open up data barriers among car companies, third-party platforms, transportation companies, etc.
Express News | Damo: The rise in securities securities in mid-December came from hedge funds making up for short positions, not driven by the return of long-term investors
Late at night, a surprise advantage! RMB explodes by 500 points, and Chinese assets are booming
It is worth noting that since December of this year, foreign giants have begun to bottom out and increase their holdings of Chinese assets.
Futu Morning Post | Is “AI Faith” Returning? After AMD's “hairpin”, it soared by nearly 10%, and the new model helped Google rise by more than 5%
Economist: The rebound in US stocks in November erases austerity conditions, or delays the time for the Fed to cut interest rates for the first time; the Dojo supercomputing project has been revealed to have changed the head, threatening to damage Tesla's autonomous driving technology.
Express News | Didi: Currently, all driver accounts and withdrawal functions are normal and related rewards will be resumed and reissued as soon as possible
Express News | Didi responds to “some drivers earn more than 69 billion dollars”: after verification, the pictures are falsified by PS, please don't fabricate rumors or spread rumors
US stocks closed | US stock gains suspended, Microsoft continued to rise for three days to a new high, and Ali fell more than 9%
Although boosting the rebound in US bond prices, unemployment data failed to help all major US stock indexes maintain their upward momentum over the past few days. Financial reports from some companies sent warning signals. The Dow ended four consecutive gains. After the earnings report, Cisco closed down nearly 10% and Walmart fell more than 8%, leading the decline in constituent stocks.
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