No Stock Yet
Morgan Stanley: us stock prices have not yet reflected the fundamentals, and the bottoming strategy may fail.
Morgan Stanley: the Fed's bond retrenchment may accelerate faster than expected, and its bargain-hunting strategy has been put to the test. Morgan Stanley said his strategic process for US stocks has several key components. The most important thing is to focus on the fundamentals of growth and valuation to determine whether the overall market is attractive and which industries and styles look best. The rate of change of the growth rate is more important than the absolute level. Morgan Stanley uses a market-based equity risk premium framework, which will work well as long as the correct system is applied when using it. In this regard, Morgan Stanley is keen to study market cycles and believes that historical analogies may be helpful. Example
"Goddess of stocks" reduced its holdings of 24361 shares of Tesla, Inc. for the seventh time this month.
Cathy Wood's Ark Investment Company further reduced its stake in Tesla, Inc. on Monday, taking advantage of the company's rising share price to cash in more money. Wood's two funds, Ark Automation Technology and Robot ETF and Ark's next-generation Internet ETF--, sold 24361 shares of Tesla, Inc. on Monday, worth about $19.28 million at the closing price. Tesla, Inc. 's shares rose 2.19% to close at $791.36 on Monday. Including this sale, Ark Investment has reduced its stake in Tesla, Inc. seven times this month, cashing out a total of about $330 million. Wood's three funds-Ark Automation
The Japanese and South Korean stock markets opened high and Powell hinted that code reduction will be carried out in a gradual manner.
Japanese and South Korean stock markets opened higher on Monday, with the Nikkei 225 index rising 0.82% to 27867.60. South Korea's KOSPI index opened up 0.94% at 3163.47. The US stock market hit a record high on Friday, and Federal Reserve Chairman Colin Powell's remarks convinced investors that the stimulus would be withdrawn in a gradual manner. The S & P 500 and Nasdaq 100 index rose after Powell stressed at the Jackson Hole seminar that it would be more appropriate to start tapering bond purchases before the end of the year. Powell said that inflation had made "substantial further progress" towards the Fed's goals, and that the labor market had also made "substantial further progress".
Federal Reserve Governor Waller: the threshold for raising interest rates is "much higher" than minus.
Christopher Waller, the Fed governor, said downsizing the Fed's $120 billion-a-month asset purchase programme would require "significant further progress" in the economy, while raising interest rates would require "almost achieving dual goals". "I think restoring 85 per cent of jobs is a major step forward; but it is not enough to support a rise in interest rates," Waller said in an interview. "We will pay close attention to the different distribution effects of policies," he said. "We see a lot of inequalities in the way the economy recovers." He said inflation is unlikely to worsen and will cool down, but "it will be better than what I set in May."
Us SEC says it is monitoring the continued volatility of some stocks vows to protect retail investors
The Securities and Exchange Commission (SEC) (SEC) said on Monday that it is closely monitoring the recent frenzied trading of meme shares to ensure market stability. "in view of the continued volatility of some stocks, SEC staff will continue to monitor the market to determine whether there are market disruptions, manipulative trading or other misconduct," a SEC spokesman said. "in addition, if violations of federal securities laws are found, we will take action to protect retail investors." SEC's comments came as retail trading surged among a small number of speculative stocks, especially AMC, BlackBerry, Bed Bath &
JPMorgan Chase: most money funds have not yet reached the counterparty limit of the Fed's overnight reverse repurchase
Teresa Ho, Alex Roever and Ryan Lessing, strategists at JPMorgan Chase, said that most money market funds have not yet reached the counterparty limit of the Fed's overnight reverse repos tool, so they may not have to adjust this threshold for now. But if cash stays in short-term securities, they may have to adjust later this year. However, if the Treasury's outlook for Treasury supply in the second half of 2021 is similar to that of JPMorgan strategists-about $540 billion-it will mean that the Fed may not have to take that step
Tesla, Inc. actively recalled some Model3 models and ModelY models.
According to Electrek: Tesla, Inc. (TSLA.O) announced that it will actively recall some Model 3 models produced between December 2018 and March 2021, and some ModelY models produced between January 2020 and January 2021 to check brake caliper bolts.
No Stock Yet