US Stock Market Review: Expectations of interest rate cuts rekindle Wall Street's surge, and Dow Jones Industrial Average rises more than 650 points.
On Friday, July 26th, all major sectors in the S&p 500 index rose as nearly 90% of stocks saw gains, as investors bet that the Federal Reserve's loose cycle will continue to drive the recovery of American companies and the bull market will no longer be limited to just a few companies. Despite the big gains made by large technology firms this year, concerns over so-called concentration risk have become a focus this week following a disappointing start to big-cap earnings season.
Did the Democratic Party get the right people in? Latest polls: Harris performs better than Biden against Trump in a face-off.
Under the sustained pressure from Democrats for nearly a month, Biden finally chose to withdraw from the election. As of now, it seems almost certain that Harris will become the Democratic presidential candidate.
Singing against the market! Bank of America: The Fed will only cut interest rates once this year.
According to Bank of America economists, it is unlikely that the Federal Reserve will send a signal that a rate cut in September is a foregone conclusion, and warns the market to pay attention to the risk of Chairman Powell refuting market pricing at the Jackson Hole Symposium.
The Federal Reserve's most concerning inflation data has been released: basically in line with expectations, and the consensus on interest rate cuts remains unchanged.
Against the background of the core PCE price index slightly higher than expected in the second quarter, the Bureau of Economic Analysis slightly revised its May data.
Consumer confidence in Michigan, USA, hit an eight-month low, continuing to be dragged down by high prices.
Since the first quarter of this year, consumer confidence has been declining, reflecting high living costs and high borrowing costs leading to pessimistic views and expectations of personal financial conditions. Although inflation is beginning to cool, wage growth has been minimal, and many Americans have already exhausted their savings during the pandemic.
10 investment principles for smart people: Avoid emotional influence and focus on your own needs.
In the past few decades, smart people have been thinking about how to become winners and how to win more. In the future decades, smart people may need to rethink: how to avoid being a loser and how to lose less when they have to lose.