Stocks Rally To Record Highs As Investors Eye Interest Rate Cuts; Labor Market Cools, Tesla Soars: This Week In The Markets
Stocks Rally To Record Highs As Investors Eye Interest Rate Cuts; Labor Market Cools, Tesla Soars: This Week In The Markets
U.S. stocks once again reached all-time highs in the shortened trading week due to the Independence Day holiday, as the latest economic data bolstered investor confidence that the Federal Reserve may soon begin cutting interest rates.
由於獨立日節日，最新經濟數據提振投資者信心，因此美國股市在縮短的交易周再次創下歷史最高水平。這也強化了投資者的信心，認爲聯儲局可能很快開始降息。
The U.S. job market showed a better-than-expected increase in employment in June. Yet downward revisions for April and May, coupled with a slight, unexpected uptick in the unemployment rate and slower wage growth, indicate an overall cooling of conditions.
美國就業市場在6月份就業人數增長超出預期，但由於4月和5月的下調，再加上失業率小幅上升和工資增長放緩，表明總體情況正在降溫。
An additional warning the U.S. economy might be entering a cooling phase came from the latest Institute for Supply Management Services Purchasing Managers Index, which contracted in June and plunged to its lowest level since May 2020.
美國最新的服務採購經理人指數報告顯示，2010年5月以來的最低水平，6月份的合約，提醒美國經濟可能進入了降溫階段。
Technology and consumer discretionary stocks were the best-performing sectors of the week, driven by the "bad news is good news" narrative as higher rate-cut expectations fuel growth stocks.
科技和消費者耐用品股票是本週表現最佳的板塊。高漲的降息期望推動了成長型股票的增長，燃起了"壞消息是好消息"的情緒。
The top seven tech stocks — Microsoft Corp., Apple Inc., NVIDIA Corp., Alphabet Inc., Amazon Inc., Meta Platforms Inc. and Tesla, Inc. — have reached a combined market cap of over $16 trillion. For Tesla, this has been the best week in terms of market performance since January 2023.
科技七巨頭，微軟、蘋果、英偉達、alphabet inc、亞馬遜、meta platforms和特斯拉的總市值已經超過了16萬億美元。對特斯拉而言，這是自2023年1月以來市值表現最好的一週。
Chart Of The Week: Magnificent Seven, SPY, QQQ Hit All-Time Highs
本週圖片：科技七巨頭，SPY，QQQ 創下歷史新高
Image: Benzinga Pro
圖片：Benzinga Pro
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Unsustainable Debt Path
無法持續的債務路徑
Fed Chair Jerome Powell emphasized the unsustainable nature of the U.S. debt path and the importance of fiscal responsibility. He downplayed potential threats to central bank independence if Donald Trump is elected in November.
聯儲局主席鮑威爾強調了美國債務路徑不可持續的性質和財政責任的重要性。他淡化了唐納德•特朗普在11月份當選可能對央行獨立性帶來的潛在威脅。
Tesla Energy Praised
特斯拉能源受到讚譽
Tesla's energy division received analyst acclaim for its strong performance and potential growth driven by artificial intelligence advancements. Analysts note significant market share gains and increased demand for energy storage solutions, boosting Tesla's overall market position.
特斯拉的能源部門因其人工智能進步帶來的強勁表現和潛在增長獲得了分析師的好評。分析師們指出，特斯拉在能源存儲解決方案方面取得了顯著的市場份額和需求的增加，並提升了特斯拉的總體市場地位。
AI Bubble Warning
人工智能泡沫警告
Veteran investor Ed Yardeni warns the AI market shows "hallmarks of an inflating bubble," with massive investments in AI startups and profit expectations far outpacing realized earnings. He advises caution due to potential overinvestment risks.
資深投資者埃德•雅爾迪尼警告說，人工智能市場顯示出"膨脹泡沫的特徵"，人們對人工智能初創公司的投資規模巨大，預期收益遠遠超過實現的收益預期。由於存在潛在的過度投資風險，他建議保持謹慎。
Bitcoin's Bear Market
比特幣市場熊市
The largest cryptocurrency experienced the worst trading week since August 2023, entering a bear market after dropping more than 20% from highs. Gold enthusiast Peter Schiff expects further declines for Bitcoin (CRYPTO: BTC), warning HODLers and Bitcoin ETF buyers about potential losses as prices drop below critical levels.
最大的加密貨幣自2023年8月以來經歷了最糟糕的交易周，價格下跌超過20%，進入了熊市。黃金愛好者彼得·希夫（Peter Schiff）預測比特幣（CRYPTO:BTC）將進一步下跌，警告HODLers和比特幣 ETF 買家存在價格跌破關鍵水平而遭受損失的風險。
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Photo via Shutterstock.
圖片來自Shutterstock。
譯文內容由第三人軟體翻譯。