Global macroscopic
Before Wednesday's market, the three major US stock indices rose in a straight line, and the US CPI for April was in line with expectations
The US CPI rose 3.4% year on year in April, estimated at 3.4%, and the previous value was 3.5%; the US CPI rose 0.3% month-on-month in April, estimated at 0.4%, compared with the previous value of 0.4%. After the US CPI data was released, the Federal Reserve swap price showed an acceleration in the pace of interest rate cuts in 2024.
Get ready for the summer festivities! UBS and Bank of America both held high bullish flags
Some Wall Street investment banks believe that after experiencing a pullback last month, US stocks will soon usher in a midsummer carnival. UBS said that last month's stock market tension has subsided. The current rebound is the beginning of a large-scale summer rally, and the S&P 500 index may reach its target price of 5,500 points by the end of this year. This means that the index will rise more than 5% from current levels. Bank of America also said that the stock market has sent bullish signals in recent days, which indicates that the S&P 500 index will reach a record high this summer.
How to invest in the AI wave? Komo customers are pouring into commodities
As artificial intelligence (AI) spreads globally, will it cause inflation or deflation? Claudia Jury and Scott Hamilton, the new co-heads of global sales and research at J.P. Morgan Chase, believe the answer is a combination of both — inflation first, then deflation. In their first interview since taking office, Jury and Hamilton said that investors are pouring into commodities this year, betting that the infrastructure required for artificial intelligence technology will increase demand for energy and equipment. As of Tuesday, the Bloomberg Commodity Spot Index is up nearly 8% this year.
Federal Reserve Meester: It is appropriate for the Fed to keep interest rates stable and is not in a hurry to consider raising interest rates
Meester believes that it is still too early to conclude that the Federal Reserve's process has stalled or that inflation will be reversed. She added that she is in no hurry to consider raising interest rates because rising short-term interest rates could bring new instability to the financial system. In an interview, Meester said there are clear signs that the physical aspects of the economy are slowing down, which will help restore balance to the economy. This indicates that long-term indicators of inflation expectations appear to be “fairly well anchored” at a level consistent with the Federal Reserve's 2% target.
Analysts warn: the “influencer stock” feast is hard to recreate! “Barking Kitten” can only be muffled this time?
WSB concept stocks have soared again recently, with GameStop and AMC both rising by more than 100% on both days. Marco Iachini's team, senior vice president of Vanda Research, believes that more retail investors may be interested in pouring into these stocks in the next few trading days, but the probability that the 2021 scenario will repeat itself is “very low.” Iachini wrote, “Quantitative funds are now better able to handle this kind of situation. If anything different, we think they are likely to participate in emptying the gap with retail traders and then reverse and exit these trades before the retail traders, and there is a high probability that this will happen.”
Hot news
Star Technology's stock generally rose before the market
WSB concept stocks generally fell before the market
$GameStop (GME.US)$,$AMC Entertainment (AMC.US)$It plummeted by more than 8%.
The “Wang Bang” AI model is here! Google fully targets OpenAI
OpenAI was the first to release GPT-4O. After just one day, tech giants$Alphabet-A (GOOGL.US)$Under pressure, OpenAI is fully counterattacked. At the annual “Spring Festival Gala in Technology” Google I/O developer conference, Google showcased about ten new products and upgrades, including Project Astra, an AI assistant project driven by the upgraded Gemini model, Veo, the Wensheng video model against Sora, and released the next generation of artificial intelligence chips — the sixth-generation tensor processing unit (TPU) in terms of hardware, called “Trillium.” The search business has also undergone the most thorough AI transformation.
Jia Yueting responds to the sharp rise in FF stock prices: it can help Chinese car companies and supply chains quickly enter the US market
$Faraday Future Intelligent Electric Inc. (FFIE.US)$Following yesterday's sharp rise of 367.21%, today's pre-market rise again surged by more than 102%. When discussing this matter, Jia Yueting said that more and more people are aware of the uniqueness of FF as a bridge between China and the US automobile industry, as well as many unique values. “My personal IP and I are also making continuous efforts to build a bridge of friendship between China and the US and the economy between China and the US. We are communicating with our partners on the Sino-US automobile bridge strategy.” He said that under the premise of complying with relevant US laws and regulations, FF can help Chinese car companies and supply chains to quickly enter the US market, reduce trial and error, and time costs. He hopes to have the opportunity to cooperate with Chinese car companies.
Petrobras fell more than 7% before the market, and the company's CEO was fired by Brazilian President Lula
$Petroleo Brasileiro SA Petrobras (PBR.US)$It fell more than 7% to $15.43 in the premarket. According to the news, Brazilian President Lula has fired Petrobras CEO Jean Paul Prates (Jean Paul Prates), and the former director of the National Petroleum Administration, Magda Chambriat will take over. Prates said on Tuesday he is willing to resign. Investors are concerned that the company may be subject to more political interference.
Qiaoshui increased its holdings of Google A in the first quarter, opening positions to increase Amazon and AMD
According to the 13F report, Qiaoshui increased its holdings of Google A in the first quarter, opening positions to increase Amazon and AMD; reducing its holdings in stocks such as Pinduoduo, Coca Cola, Market Opener, Cisco, and McDonald's. The weight to increase holdings in technology stocks is the greatest, while the weight of positions on consumer stocks has declined the most. The largest holding in the iShares Core S&P 500 ETF accounts for 5.6% of disclosed assets.
Gao Lin's HHLR holdings in the first quarter: Pinduoduo is still the largest stock, opening a position with AMD
According to the latest 13F document disclosed by Gao Lin's HLR Advisors, the agency's concentration of the top ten heavy stocks in the first quarter was 84.57%, and Pinduoduo's holdings increased by 16.62%, and it steadily became the largest stock with a market capitalization share of 29.77%. It opened 912,400 AMD shares and became its sixth largest stock with a market capitalization share of 3.58%, reducing its holdings of Shell, Microsoft, Salesforce, and DoorDash from the top ten holdings. As a result, DoorDash was squeezed out of the top ten. Additionally, Baidu, Alibaba, and JD holdings were reduced.
Focus on China Securities
Popular Chinese securities collectively rose before the market
The Ledao L60, the first model of the Ledao brand, was unveiled. Li Bin: Longer, wider and more spacious than Model Y
$NIO Inc (NIO.US)$A press conference was held today to officially launch the second brand of music. Li Bin, Chairman and CEO of NIO Auto, said that currently NIO has 2,415 power exchange stations, 44,146,889 power exchanges, 2,2449 charging piles, and 3901,8175 charging times. The Ledao brand was launched at this time, and I am very confident. He said that Ledao wants to redefine the new standard for family cars. This time, the Ledao L60, which is positioned as a smart electric mid-size SUV for the family, was unveiled for the first time. Li Bin said it is longer, wider, and has more space than ModelY.
Top 20 pre-market turnover of US stocks
US Stock Macro Calendar Reminder
(The following are all Beijing time)
20:30 US unseasonally adjusted CPI annual rate for April, US retail sales monthly rate for April, US New York Fed manufacturing index for May
22:00 US NAHB real estate market index for May, US monthly commercial inventory rate for March
22:00 Federal Reserve Governor Barr testifies before the House Financial Services Committee on the supervision of financial regulators
22:30 US EIA crude oil inventory for the week from May 10 (10,000 barrels)
23:00 2026 FOMC Voting Committee and Minneapolis Federal Reserve Chairman Kashkari attended a fireside conversation
At 03:20 the next day, Federal Reserve Governor Bowman delivered a speech at a blockchain summit
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