Hot news
S&P confirms US “AA+” sovereign credit rating
On Thursday, S&P confirmed America's long-term sovereign credit rating as “AA+” and the short-term sovereign credit rating as “A-1+,” and kept its long-term rating outlook “stable.” Earlier this month, Fitch confirmed America's long-term foreign currency sovereign credit rating as “AA+,” and the outlook is “stable.”
Powell's potential successor Waller: Not in a hurry to cut interest rates; interest rate cuts should be postponed or reduced
Federal Reserve Governor Waller delivered the latest speech, saying that high inflation data and strong employment growth in early 2024 reinforce his view that interest rate cuts are “not in a hurry” and that interest rate cuts should be postponed or reduced. He emphasized that recent economic data supports postponing or reducing the number of interest rate cuts this year. He called the recent inflation data “disappointing” and said he hoped to see “at least a few months of better inflation data” before cutting interest rates.
Goldman Sachs: It is expected that pension funds will soon sell about 32 billion US dollars of shares in the US stock market
Goldman Sachs said that as the quarter comes to an end, pension funds may sell about $32 billion in US stocks to rebalance positions. Goldman Sachs FICC and stock department analysts wrote in a report on Tuesday that this will be the biggest adjustment since June 2023. After the S&P 500 surged by about 26% since late October, traders are worried that long positions may have been excessive, and the stock market is vulnerable to profit returns in the short term.
Xiaoma is firmly bearish: US stocks are too crowded, be wary of the risk of a collapse
Dubravko Lakos-Bujas, chief global equity strategist at J.P. Morgan Chase, warned on Wednesday that the best-performing stocks in the US stock market are overcrowded, increasing the risk of an impending pullback. He recommended that clients consider diversifying their holdings and considering risk management in their portfolios.
Individual investors in the US are tight on capital during the tax filing season! Collective influx of highly leveraged ETFs
On the eve of the US tax period of April 15 every year, individual investors seem to be buying stocks for seasonal reasons, but at the same time, their interest in highly leveraged exchange-traded funds (ETFs) is heating up. Vanda Research notes in its report that there has been a “marked increase” in the use of leverage by individual investors in recent weeks. Retail capital inflows to the four most purchased exchange-traded funds since the beginning of the year were$SPDR S&P 500 ETF (SPY.US)$,$Invesco QQQ Trust (QQQ.US)$,$ProShares UltraPro QQQ ETF (TQQQ.US)$und$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$.
Crude oil may rise to nearly $100 per barrel, but Komo kept its oil price forecast of $83 per barrel unchanged
Analysts at J.P. Morgan Chase wrote in a report released on Wednesday that Russia's decision to deepen its oil production cuts may push the global benchmark crude oil price to nearly $100 per barrel by September, but disrupted demand may play a role in dampening price prospects. Since various countermeasures can be an appropriate rebalancing mechanism for high oil prices, J.P. Morgan chose to keep its oil price forecast unchanged. The average price of Brent crude oil is predicted to be $83 per barrel in 2024. The average prices for the third and fourth quarters of this year will be $84 and $85, respectively.
Resumption of US stock trading
The S&P 500 index slightly hit a record closing high. Apple rose more than 2%, and Nvidia reversed the market and fell more than 2%
On Wednesday, the three major US stock indices collectively rallied at the end of the session. Among them, the S&P 500 index ended a three-day trend of continuous decline and slightly set a new closing record high. By the close, the S&P 500 was up 0.86%, the NASDAQ was up 0.51%, and the Dow Jones Industrial Average was up 1.22%.
The supertech giants had mixed ups and downs, with Apple up 2.12%, Microsoft down 0.05%, Amazon up 0.86%, META down 0.41%, Google-A up 0.13%, Tesla up 1.22%, Nvidia 2.5%, and Intel 4.24%.
The Nasdaq China Golden Dragon Index rose 0.03%, Alibaba rose 0.15%, Baidu rose 1.28%, Pinduoduo fell 2.86%, JD rose 3.3%, NetEase fell 0.45%, NIO fell 2.3%, Ideal Auto fell 1.5%, and Xiaopeng Auto fell 8.55%.
Google launches AI tool that can create travel guides
On Wednesday local time,$Alphabet-A (GOOGL.US)$An announcement was issued to pre-reveal an AI function that can help users generate travel itineraries and travel recommendations through natural language conversation. Google revealed that behind this AI itinerary function, it covers data from more than 200 million global locations, bringing together various ideas from all over the Internet, as well as data such as reviews, photos, and commercial data details submitted by users to Google. Currently, only closed beta users in the US can try this feature.
Amazon invests additional $2.75 billion in Anthropic
On Wednesday EST, tech giants$Amazon (AMZN.US)$It was announced that it will invest an additional $2.75 billion in artificial intelligence (AI) startup Anthropic. After the additional investment, Amazon's total investment in Anthropic will reach 4 billion US dollars, which is also the largest external investment in Amazon's history.
MSD's major new drug was approved, and the stock price reached a record high
American pharmaceutical giant$Merck & Co (MRK.US)$The stock closed up 4.96% on Wednesday, a new record high in stock prices. The company announced on Tuesday that its new drug Winrevair for the treatment of pulmonary hypertension has been approved by the US Food and Drug Administration (FDA). J.P. Morgan expects Winrevair's annual sales to reach $5 billion by 2030.
Novo Nordisk's “magic drug” sells for close to four digits in the US, and the cost may be less than 5 dollars
According to a study published in JAMA's journal “JAMA Network Open” on Wednesday,$Novo-Nordisk A/S (NVO.US)$The production cost of the diabetes drug “Ozempic” (Ozempic) may be less than $5 per month. Novartis's lowest selling price in various regions is between 38.21 and 353.74 US dollars.
Top 20 US stock turnover
Hong Kong Market Outlook
Beishui added a Hong Kong stock ETF, sweeping Tencent nearly HK$900 million
On March 27 (Wednesday), Southbound made a net purchase of HK$6.563 billion in Hong Kong stocks.
$TENCENT (00700.HK)$,$TRACKER FUND OF HONG KONG (02800.HK)$,$BANK OF CHINA (03988.HK)$Received net purchases of HK$876 million, HK$851 million and HK$509 million respectively;
$YANKUANG ENERGY (01171.HK)$,$SMIC (00981.HK)$,$CNOOC (00883.HK)$Net sales were HK$142 million, HK$124 million, and HK$22.67 million respectively.
NIO lowered its delivery forecast for the first quarter to 30,000 vehicles
$NIO-SW (09866.HK)$Announced on March 27, 2024, the company updated its delivery outlook for the first quarter of 2024. Based on recent business developments, the company expects to deliver approximately 30,000 vehicles in the first quarter of 2024, adjusting the delivery forecast from 31,000 to 33,000 vehicles.
Today's attention
Keywords: number of initial jobless claims; final value of real GDP annualized quarterly rate in the fourth quarter; Chicago PMI in the US in March; University of Michigan consumer confidence index
On Thursday, in terms of major data, the US GDP data for the fourth quarter, the number of US jobless claims at the beginning of the week, and the quarterly rate of personal consumption expenditure for the fourth quarter will be released on the same day.
The market generally expects that the final value of US real GDP annualized quarterly in the fourth quarter will be the same as the revised value of 3.2%, and that personal consumption expenditure will continue to provide the main driving force for economic growth.
On February 28, data released by the US Department of Commerce showed that the revised quarterly quarterly revised value of US GDP for the fourth quarter was revised down to 3.2%, falling short of the 3.3% forecast. Analysts believe that some details in the report, such as corporate investment and consumer spending on durable goods, indicate that the economic environment is weaker than expected.
In terms of financial reports,$COUNTRY GARDEN (02007.HK)$,$CCB (00939.HK)$,$GAC GROUP (02238.HK)$Financial results will be released today.
Furthermore, the Xiaomi car made a big announcement today.
Lei Jun previously posted a Weibo saying, “On March 28, the Xiaomi SU7 was officially released. This is our three-year agreement.” With the official debut of the Xiaomi SU7, the price will also be officially revealed.
People familiar with the matter said,$Xiaomi Corp. (XIACF.US)$The pricing for Xiaomi cars has already been determined. Compared with last year, the pricing has been reduced by 30,000 to 50,000 yuan. Currently, the price of the standard version may start at 266,000 yuan, and the premium version is positioned at 336,000 yuan. However, adjustments may still be made before the press conference. Currently, the high and low versions of the Xiaomi SU7 mainly target Tesla Model 3 and Extreme Krypton 001. Not only are the configurations similar, but even the price is fully benchmarked.
Futubull Chen read:
When the media's opinions are on the other side, you should calmly stand opposite them.
—Jim Rogers
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