Overnight news: The Dow index reached a record high, and the price of gold hit the biggest decline in seven weeks
For more global financial information, please move on to the 7×24 hour live financial news market closing: the strong non-agricultural data index reached a record high. On August 6, Ark Investment, the 20 stocks with the largest US stock turnover, reduced its holdings for two consecutive days, Tesla's popular China Securities stock closed down mostly lower on Friday, Happy Auto soared by nearly 90%, US WTI crude oil fell 1.2% on Friday and fell 7.7% gold futures prices fell 2.5% below 1,800 US dollars, the biggest decline in seven weeks, as US employment growth was higher than expected, European stocks closed down 7.7% on Friday, and gold futures prices fell 2.5% below 1,800 US dollars, the biggest decline in seven weeks, as US employment growth was higher than expected, European stocks fell across the board The gram 600 index is third in a row
Well-known analyst Munster: Tesla and Ford's new car inventory will continue to be tight due to chip shortages
Gene Munster (Gene Munster), a well-known technology analyst and co-founder of Loup Ventures, wrote in his latest research report that new car inventories of Tesla and Ford cars are likely to continue to decline due to the global shortage of chips and other components. Currently, American customers waiting to buy a new car are facing the problem of extended delivery cycles. Due to the shortage of chips, the delivery cycle is sometimes as long as 6 months. According to data from Loup Ventures, the average delivery time for Ford's F-150, currently the best-selling pickup in the US, is about 4 to 6 months, while Tesla's
The Federal Reserve adjusted the overnight reverse repo rate to stimulate a major change in demand
The sharp increase in the scale of reverse repurchases by the Federal Reserve over the past week reflects that counterparties are transferring funds after the Federal Reserve raised the overnight reverse repurchase rate to 0.05%. According to Federal Reserve data, the New York Federal Reserve's “other deposits” (that is, cash held by local government-funded enterprises (GSE) in interest-free accounts) fell from $213 billion to $137 billion in the week ending June 23. However, the total amount of government and monetary funds experienced capital outflows for the third week in a row, with total assets falling by 32 billion US dollars to 3.97 trillion US dollars, indicating that net liquidity has not yet taken into account the surge in reverse repurchase transactions. Wrights
Tesla CEO Elon Musk: Tesla is about to establish business in Russia
Tesla CEO Elon Musk: Tesla is about to establish business in Russia. Musk said that Russia has talent, and there should be more dialogue and communication between Russia and the US. Earlier it was rumored that Tesla CEO Elon Musk may be studying the possibility of building a new gigafactory in the UK.
Details of Buffett's fourth quarter position of 12.7 billion US dollars revealed
According to the 13F position report submitted by Berkshire Hathaway, a subsidiary of Buffett, to the US Securities Regulatory Commission (SEC), the company reduced Apple's holdings by 6% in the fourth quarter, from 944.3 million shares to 887.1 million shares. By the end of 2020, Berkshire held 120 billion US dollars of Apple's shares, and its shareholding ratio fell to 5.4% from 5.6% the previous year. In addition, Berkshire reduced Wells Fargo's holdings by 59% to 52.4 million shares in the fourth quarter, and GM's holdings by 9% to 72.5 million shares; T-Mobile's holdings increased 117% and AbbVie's holdings increased 20%. Furthermore, the company
Are Higher Interest Rates on US Bonds Really Killing US Stock Valuations?
Source: Wall Street reports that there is no negative correlation between short-term and medium-term fluctuations in long-term interest rates and equity valuations; the overall rise in interest rate centers and the decline in short-term inflation premiums will only affect valuations. With the withdrawal of the Federal Reserve's asset purchases, related situations may occur in the second half of 2021. According to Bank of China research, historical data shows that there is no negative correlation between short-term and medium-term fluctuations in long-term interest rates and equity market valuations. In short-term fluctuations, the negative correlation between real interest rates and valuations can be understood from “the relative growth rate of real interest rates is negatively correlated with valuation.” The current rising inflation premium is providing support for US stock valuations. The Bank of China believes that the valuation of US stocks will be beneficial in the future
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