US stocks hit new highs at the close, and traders are paying attention to key events this week.
On Monday, July 8th, the US stock market rose. The S&P 500 index closed higher, marking the 35th new high for the index this year. This is an important week that may provide key signals for short-term interest rate trends. The stock market fluctuates near historical highs, and traders await the start of earnings season while paying attention to any clues about the US presidential election and the next steps of the Federal Reserve.
Research institutions: The US economy will eventually fall into recession, and the S&P 500 index may plummet 32% in 2025.
On Monday, July 8th, the most pessimistic strategist on Wall Street stated that due to the Fed's inability to prevent economic recession, the stock market will collapse by 32% in 2025.
Powell is about to "bravely" enter Capitol Hill! These points are worth noting.
This hearing will be Powell's last public speech before the US presidential election, and its importance is self-evident...
Looming Powell Testimony, Inflation Data Stifle US Equity Futures Pre-Bell
ASML Holding CEO: The world needs traditional process chips produced in China.
1. Christopher Fuca, CEO of Asml Holding, said that chip buyers, including the German auto industry, need traditional process chips currently invested by Chinese chip manufacturers; 2. According to industry organization SEMI's estimate, the production capacity of Chinese chip manufacturers will increase by 14% to 10.1 million chips per month by 2025, accounting for about one-third of global total production.
Is the pressure high in the U.S. stock market? The strategist says the upcoming earnings season will be crucial!
Many strategists believe that in order to maintain the record-breaking rally, the US stock market may need another 'explosive' earnings season.