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"New American Union News Agency": The way for interest rate cuts in September has been paved, and the focus is on the scale of interest rate cuts.
Prominent financial journalist Nick Timiraos, known as the "New Fed News Agency," wrote that July CPI figures have paved the way for the Fed to begin cutting interest rates at the September meeting, reducing objections to the first rate cut to some extent. He expects that the focus of the Fed's September meeting will be on the size of the rate cut: whether it should be the traditional 25 basis points or a larger 50 basis points.
US CPI returns to the "2 era" after three years, while the market's dovish expectations have converged somewhat.
Overall CPI growth rate in July in the US recorded at 2.9%, returned to the "2 era" for the first time since March 2021, slightly lower than the expected 3%. After the data was released, traders reduced expectations of Fed rate cuts by 50 basis points next month.
Wall Street analysts have indicated that the July CPI data may further pave the way for the Fed to lower interest rates by 25 basis points in September. Next, the Fed will focus on the labor market. If employment weakens, a larger cut of 50 basis points may be needed. Some analysts have said that although housing inflation has ceased its downward trend, it is not a major concern.
CEO of UBS Group: market volatility may intensify in the second half of the year, it is too early to discuss US economic recession
Last week, investor concerns about a potential US economic recession were raised due to the digestion of weak US economic data, which also raised questions about whether the Fed's rate cuts were overdue. The CEO of UBS Group said that market volatility may intensify in the second half of this year, and it is too early to discuss whether the US economy will decline.
USA's real estate market is leading the way in 'interest rate cuts,' with mortgage rates hitting a more than one-year low and refinancing loan applications surging.
Driven by the continuous decline of US mortgage interest rates, the country's mortgage refinancing activity has surged, with the contract interest rate of five-year fixed-rate mortgages dropping by 7 basis points to 5.96%, the lowest level since May last year. In the week ending August 9th, the refinancing index soared by 34.5% to 889.3, the highest level in more than two years. New home mortgage applications increased by 2.8%, the largest increase since the first week of June this year.
Gamestop's surge has dramatically narrowed, with the trading platform considering unplugging the internet of US retail investors.
S&P, Nasdaq rise for the fifth consecutive day, Apple rises for the sixth consecutive day.
As the latest US CPI data reinforces the main idea of "inflation slows down gradually", the US stock market collectively rose in volatility overnight, closing with the Dow up 0.38%, Nasdaq up 0.03%, S&P 500 and Nasdaq both rose for the fifth consecutive day, marking the longest consecutive rise in almost a month.S&P 500 Index (.SPX.US)The NASDAQ index rose by 0.03% and the Dow Jones Industrial Index rose by 0.61%. The S&P 500 index and the NASDAQ index have risen for the fifth consecutive day, the longest consecutive rise record in almost a month.
The World Health Organization sounds the highest-level alarm, and monkeypox concept stocks are active: GeoVax Labs is up 30%, SIGA is up 26.94%, monkeypox/smallpox vaccine developer Emergent BioSolutions is up 11.65%, and Chimerix is up 9.47%.
Chinese concept stocks are relatively sluggish. After announcing their financial reports, Tencent ADR fell 3.35%, and the Nasdaq Chinese Dragon Index fell 1.63%. Alibaba fell 2.01%, Baidu fell 2.56%, Pinduoduo fell 1.42%, JD.com fell 0.88%, NetEase fell 1.98%, NIO Inc fell 4.37%, Li Auto Inc fell 3.04%, and XPeng fell 4.16%.
Berkshire Hathaway reduced its position in its top-weighted stock by nearly 70% in the second quarter, selling nearly 0.39 billion shares with a market value of 82 billion US dollars; cleared out 6.12 million shares with a value of 0.84 billion US dollars; and reduced its position in the fifth largest weighted stock by 4.37 million shares worth 0.68 billion US dollars. The sixth largest weighted stock saw the most increase, adding 7.26 million shares worth nearly 0.46 billion US dollars. It increased far more than the 4.3 million shares added in the first quarter. The second most added was Nvidia, with an increase of over 1.1 million shares; a new cosmetics company with 0.69 million shares was also added.
Buffett cut his Apple position in half! In the second quarter, Berkshire cleared its positions in Snowflake and increased its shareholding in Occidental Petroleum.
yes $apple(AAPL.US)$ yes stocks of companies like Snowflake (SNOW.US) yes, yes Occidental Petroleum(OXY.US) yesChubb Ltd (CB.US)yesThe fourth largest increase in the second quarter was the satellite broadcasting company Sirius XM, with an increase of approximately 96.2 million shares and a market cap of approximately $0.272 billion in the quarter. The number of shares held increased by 262.2%. The fifth largest increase in the second quarter was a new face - the beauty company Ulta Beauty, with Berkshire Hathaway purchasing 0.69 million shares of Ulta Beauty for a market cap of approximately $0.266 billion. In addition to Ulta Beauty, in the second quarter, Berkshire Hathaway also entered defense company Heico with a purchase of 1.04 million shares. In addition to Snowflake, Berkshire Hathaway also liquidated 7.53 million shares. yes
Bridgewater Associates cut its Apple position by more than 70%, decreased its Nvidia position, increased its Amazon and Microsoft positions.
The world's largest hedge fund, Bridgewater, made significant adjustments to its holdings of US technology giants in the second quarter, just like 'stock god' Buffett, drastically reducing its holdings of [unspecified companies], and at the same time significantly increasing its holdings of [unspecified companies]. During the season, they reduced their holdings of AI chip giant [unspecified company], but at the same time increased their holdings of another hot AI concept stock. $apple(AAPL.US)$ In HHLR's total US stock holdings at the end of the second quarter, the total market value of Chinese stocks accounted for nearly 85%, occupying a dominant position. Eight of its top ten heavy stocks are Chinese stocks, and [unspecified companies] rank third in the position. Although they reduced their holdings by 2.9 million shares in the second quarter, they are still their top heavy stocks. Among the magnificent 7 technology giants in the US stock market, [unspecified company] was bought, but [unspecified company] was sold. $Amazon (AMZN.US)$Asia Vets and New Energy Fund.Microsoft (MSFT.US) Apple announced on Wednesday that it will open the iPhone's NFC chip based on the company's secure elements to allow third-party contactless payment, car key, access card, various certificates, and membership card applications. It is worth noting that Apple stated in the announcement that developers need to sign a commercial agreement with Apple and pay related fees to use Apple's mobile phone NFC chip. These APIs will be available when iOS 18.1 is updated, first launched in countries such as the United States, the United Kingdom, Canada, and Japan, and later expanded to more countries and regions. The stock of NVIDIA (NVDA.US) will split 1:10 after market close on June 7 (Friday), and the price per share will drop to around $100. The lower price will make NVIDIA more likely to be included in the Dow Jones Industrial Average. Marriott, the parent company of snack and candy brands such as 'Dove' and 'Snickers', announced on Wednesday that it will acquire Kellogg, the parent company of well-known snack brands such as 'Pringles' and 'Lay's', by paying full cash. The offer is $83.5 per share. The total value of the transaction will reach $35.9 billion. Affected by this news, [unspecified company] rose by 7.76% on Wednesday, with a closing price of $80.28.$Broadcom(AVGO.US)$.
HHLR significantly increased its shareholding in Alibaba and still holds PDD Holdings as its top stock. It also increased its shareholding in Nvidia.
fell nearly 0.6%, while Tencent's fanatic surge increased by more than 2%, and Bilibili (BILI.US), which rose 4.8% in the early session, rose more than 1%. It has become the third largest holding target, despite reducing holdings in the second quarter. pdd holdings (PDD.US) $apple(AAPL.US)$Please use your Futubull account to access the feature.The stock of NVIDIA (NVDA.US) will split 1:10 after market close on June 7 (Friday), and the price per share will drop to around $100. The lower price will make NVIDIA more likely to be included in the Dow Jones Industrial Average. Please use your Futubull account to access the feature.Example of such tech giants is Google-C (GOOG.US)Asia Vets and New Energy Fund.$Meta Platforms (META.US)$ $Amazon (AMZN.US)$Asia Vets and New Energy Fund.Microsoft (MSFT.US)
Apple will open its NFC chip to third-party applications, announced on Wednesday.
Victoria's Secret announced on Wednesday that a well-known retail manager, Hillary Super, will be the company's new CEO, effective September 9. She has nearly 30 years of experience in the retail industry and recently served as the CEO of artist Rihanna's lingerie brand.
$Victoria's Secret (VSCO.US)$ At the same time, the company pre-released its second quarter earnings report, which was basically in accordance with the previous guidance or higher than expected. Affected by this news, Victoria's Secret rose by 16.41% on Wednesday.
Gilead announced on Wednesday that the US Food and Drug Administration (FDA) has accelerated the approval of its hepatitis treatment drug, Livdelzi. This is a PPARδ (selective peroxisome proliferator-activated receptor δ) agonist and is used as a second-line therapy for adult primary biliary cholangitis (PBC) patients. Due to the accelerated approval nature, Gilead needs to prove Livdelzi's clinical benefits through confirmatory trials to ensure that the drug can continue to be approved.
$Kellanova (K.US)$ On Wednesday, it closed up 7.76% at $80.28.
The company announced on Wednesday that the US Food and Drug Administration (FDA) has accelerated the approval of its liver disease treatment drug Livdelzi. This is a PPARδ (selective peroxisome proliferator-activated receptor δ) agonist drug, used as a second-line therapy for adult primary biliary cholangitis (PBC) patients. Due to the nature of the accelerated approval, Gilead needed to confirm the clinical benefits of Livdelzi through confirmatory trials to ensure that the drug can continue to be approved.
If you want to play this game, you must believe in yourself and your judgment.
Related reading:Top 20 Turnover | Nvidia continued to rise nearly 2%, a cumulative increase of nearly 20% in the past 5 days; Tesla fell more than 3%.
BeiShui crazily bought China Mobile for nearly HKD 1.8 billion and sold Tencent for about HKD 200 million. On Monday (June 3rd), Southbound funds net purchased HKD 3.4 billion of Hong Kong stocks.
On August 14 (Wednesday), the net outflow of southbound funds to Hong Kong stocks was HKD 1.041 billion.
Northbound funds continued to increase their positions in China Mobile by more than HKD 0.5 billion, while selling nearly HKD 0.2 billion in China Construction Bank on August 14 (Wednesday).
China Mobile (00941.HK)andWuxi Bio should be translated as Wuxi Bio.and$Xiaomi Group-W(01810.HK)$ They respectively received net buy of HKD 0.529 billion, HKD 60.74 million, HKD 59.3 million;
$Tracker Fund of Hong Kong (02800.HK)$ received a net purchase of HK$1.615 billion, HK$0.615 billion and HK$0.492 billion, respectively;and$CSOP Hang Seng Tech Index ETF (03033.HK)$Please use your Futubull account to access the feature.China Construction Bank Corporation (00939.HK) and respectively suffered net sales of HKD 1.47 billion, HKD 0.54 billion, HKD 0.185 billion.
The company's overall sales volume in 2023 was 18,000 kiloliters, with a year-on-year increase of 28.10%, indicating significant growth. In terms of product structure, the operating income of products worth 10-30 billion yuan were 401/1288/60 million yuan respectively.
Keywords: Alibaba, JD.com; Retail Sales MoM; Initial Jobless Claims; Total Retail Sales of Consumer Goods; Industrial Value Added Above Designated Size.
In terms of financial data, the MoM retail sales rate in July for USA and the initial jobless claims will be heavily announced, while China's total retail sales of consumer goods and industrial value-added above designated size in July will be released.
In terms of financial events, the State Council Information Office will hold a press conference on the operation of the national economy, and the National Bureau of Statistics will release the monthly report on housing sales prices of 70 large and medium-sized cities and 2025 FOMC voter and St. Louis Fed President Mester will speak on the US economy and monetary policy.
In terms of financial reports, China United Network Communications (00762.HK) will release its financial report after Hong Kong stock market close. fell nearly 0.6%, while Tencent's fanatic surge increased by more than 2%, and Bilibili (BILI.US), which rose 4.8% in the early session, rose more than 1%. Please use your Futubull account to access the feature.$JD.com (JD.US)$Please use your Futubull account to access the feature.$Walmart (WMT.US)$ will release its financial report pre-market trading.
In terms of new stocks, Yunxuetang will be listed on the US stock market today.
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