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Powell forecasts adjustments in the monetary policy framework, warning that future inflation volatility may remain high.
Federal Reserve Chairman Powell clearly stated that he is reassessing "key parts" of its monetary policy framework, including how to handle inflation targets and the treatment of the "employment gap." As the economy and policies continuously change, long-term interest rates may rise. Powell stated that higher real rates may reflect the potential for future inflation to be more volatile than during the intermittent periods of the 2010s, claiming that "supply shocks" will be "more frequent and possibly more persistent," which poses a difficult challenge for both the economy and central banks.
"New Federal Reserve Messenger" Nick Timiraos reported that faced with an uncertain world regarding ultra-low interest rates, Powell is guiding a new strategy. The Federal Reserve is about to adjust its interest rate setting framework, although it is unlikely to affect current policy decisions, it acknowledges that the era of "long-term low interest rates" may be over.
Qatar's Trump "gift package" further revealed: the sovereign wealth fund plans to invest $500 billion in the USA over ten years.
Mohammed Al Sowaidi, CEO of Qatar Investment Authority (QIA), stated to the media that QIA plans to invest an additional $500 billion in the USA over the next ten years. This planned investment amount is nearly equivalent to the fund's current total scale of $524 billion, amounting to almost half of the total value of Qatar's earlier commitment for "economic exchanges" with the USA this week. The QIA CEO mentioned that investments will focus on AI, data centers, and the medical field, planning to shift from small risk investments to prioritize larger transactions; the investment in the USA is not a withdrawal from other countries, but rather an increase in exposure to the USA.
American media statistics: Trump family has made billions globally in just a few months.
As President Trump returns to the political arena this year, his family business has also reached unprecedented heights. According to American media statistics this week, in just the past month, at least $2 billion has flowed into Trump-owned enterprises, covering sectors such as real estate and cryptos. The White House claimed that the Trump family business is operated by the offspring of the President, thus there is no conflict of interest.
Post-Market Trading
The overall performance of the seven giants has cooled down, and the Nasdaq ends its six-day rise, while the S&P rises for the fourth consecutive day.
On Thursday, the three major US stock indices had mixed results, with the Dow and S&P closing higher, the S&P rising for the fourth consecutive day, while the Nasdaq ended its six-day gain.
Major technology stocks retreated overall, with Microsoft up 0.23%, NVIDIA down 0.38%, Apple down 0.41%, Amazon down 2.42%, Google C down 0.85%, Meta down 2.35%, and Tesla down 1.4%. Broadcom rose 0.22%.
Most popular China Concept Stocks fell, with Alibaba down 7.57%, JD.com down 3.86%, Tencent Music down 3.71%, Baidu down 3.58%, NIO down 3.39%, New Oriental down 2.61%, XPeng down 1.39%, PDD Holdings down 0.88%, Li Auto down 0.59%, and TAL Education down 0.2%.
Buffett made significant sales of bank stocks in Q1, maintaining his hold positions in Apple.
Berkshire Hathaway, led by Buffett, released its Q1 holdings report as of March 31 this year (Form 13F), indicating that it has cleared its position in ... $Citigroup(C.US)$ (14.63 million shares) and financial companies $Nu Holdings(NU.US)$ ,reducing shareholdings $Bank of America (BAC.US)$ (48.66 million shares), maintaining $Apple (AAPL.US)$ Hold Positions (0.3 billion shares) unchanged; in terms of Shareholding, bought 6.38 million shares of the liquor company $Constellation Brands (STZ.US)$ The increase rate reached 113.5%, and positions were added. $Occidental Petroleum (OXY.US)$ 760,000 shares, increased holdings in pool supplies stocks. $Pool Corp(POOL.US)$ 860,000 shares. It is worth mentioning that Berkshire did not add any new stocks in the first quarter.
Hillhouse's HHLR increased investment in Chinese assets in the first quarter, adding several China Concept Stocks.
HHLR Advisors, an independent fund management platform under Hillhouse Capital that focuses on secondary market investments, has released its U.S. stock holding data as of the end of the first quarter of 2025. According to the Form 13F filing, HHLR's total market capitalization of holdings increased from $2.887 billion at the end of the previous quarter to $3.539 billion, a nearly 23% increase. The data shows that in the first quarter, HHLR continued to increase its allocation to Chinese assets, newly purchasing and increasing holdings in nearly 20 China Concept Stocks, including newly bought shares in. $Atour Lifestyle Holdings (ATAT.US)$ 、 $h world group (HTHT.US)$ 、 $Baidu (BIDU.US)$ 、 $ China Yuchai International (CYD.US)$、 $Li Auto Inc. (LI.US)$ 、 $Kanzhun (BZ.US)$ 、 $ Ecatong (ECX.US)$ Including 10 other companies, as well as shareholding. $Futu Holdings Ltd (FUTU.US)$ 、 $PDD Holdings (PDD.US)$ 、 $NetEase (NTES.US)$ 、 $KE Holdings (BEKE.US)$ 、 $JD.com (JD.US)$ 、 $Trip.com(TCOM.US)$ 、 $ZTO Express (ZTO.US)$ And 8 other companies.
Related reading:Hillhouse HHLR Q1 Hold Positions Revealed! China Concept Stocks dominate absolutely, total market value of holdings increased by nearly 23%!
Soros Fund heavily invested in NVIDIA and its SpaceX competitor, and sold Super Micro Computer.
The Form 13F report shows that billionaire investor George Soros's investment fund heavily invested in Satellite manufacturers, $AST SpaceMobile(ASTS.US)$ (a competitor of SpaceX) and $NVIDIA (NVDA.US)$ , while selling its shares in the rapidly rising $Super Micro Computer(SMCI.US)$ and other large Technology companies. The fund company also disclosed its investment in $JPMorgan (JPM.US)$. And Bitcoin miners. $Cipher Mining (CIFR.US)$ New investment.
CoreWeave has secured a 7% stake from NVIDIA and is providing $40 billion in Cloud Computing capacity to OpenAI.
Datacenter builders $CoreWeave(CRWV.US)$ Have reached an agreement worth up to $4 billion with AI company OpenAI, which will last until 2029, aimed at providing additional Cloud Computing capacity. Following the news of renewed cooperation, CoreWeave's stock price rose up to 8% on Thursday, and after hours NVIDIA disclosed a 7% stake in CoreWeave, whereas it was previously thought that NVIDIA held about 5.2%. As of this report, CoreWeave's after-hours stock rose nearly 2%.
NetEase surged nearly 15%, with a net income growth of nearly 35% year-on-year in the first quarter.
On Thursday, $NetEase (NTES.US)$ A nearly 15% surge, with net income for the first quarter at 28.8285 billion yuan, an increase of 7.4% year-on-year; gross profit at 18.5 billion yuan (2.5 billion USD), up 8.6% year-on-year; net income attributable to shareholders was 10.301 billion yuan (1.4 billion USD), a year-on-year growth of 34.94%.
Meta fell over 2%, will delay the launch of its flagship AI model Behemoth.
According to The Wall Street Journal, Zuckerberg's company $Meta Platforms(META.US)$ will delay the release of its flagship AI model Behemoth until fall, or even later, which was originally scheduled for April. Meta is considering restructuring its management in AI products. At the close, Meta Platforms fell over 2%.
Coinbase was attacked by hackers and may face losses of up to 0.4 billion USD, with its stock price dropping over 7%.
$Coinbase(COIN.US)$ Falling over 7%, the company disclosed it has encountered a severe data leakage incident, which may result in losses of up to 0.4 billion dollars.
UnitedHealth plummeted nearly 11%, with reports of the company being under investigation by the U.S. Department of Justice for alleged health insurance fraud.
On Thursday, $UnitedHealth (UNH.US)$ Once again, it fell nearly 11%. According to reports, the U.S. Department of Justice is investigating potential health insurance fraud by UnitedHealth Group. The report stated that the healthcare fraud department of the criminal division of the U.S. Department of Justice has been overseeing the investigation and has been actively investigating since at least last summer. UnitedHealth Insurance Company stated that it has not yet received any notification from the Department of Justice regarding the investigation and insists on the integrity of its health insurance plans.
Top 20 trading volumes.
Hong Kong Market Outlook
The Northern Funds aggressively bought China Construction Bank for nearly 1 billion Hong Kong dollars, sold TENCENT for over 2.3 billion Hong Kong dollars, and sold POP MART for over 0.4 billion Hong Kong dollars.
On May 15 (Thursday), the southbound funds net sold Hong Kong stocks for 0.221 billion Hong Kong dollars.
$China Construction Bank Corporation (00939.HK)$ 、$CHINA MOBILE(00941.HK)$、$Ideal Autos-W (02015.HK)$Net purchases of 0.977 billion Hong Kong dollars, 0.667 billion Hong Kong dollars, and 0.114 billion Hong Kong dollars respectively;
$TENCENT(00700.HK)$、$POP MART(09992.HK)$、$Semiconductor Manufacturing International Corporation(00981.HK)$Net sales of 2.36 billion Hong Kong dollars, 0.423 billion Hong Kong dollars, and 0.301 billion Hong Kong dollars respectively.
Alibaba's revenue in the fourth fiscal quarter was 236.454 billion yuan, a year-on-year increase of 7%.
$Alibaba-W(09988.HK)$ In the fourth fiscal quarter, revenue reached 236.454 billion yuan (RMB), a year-on-year growth of 7%; adjusted net income was 29.847 billion yuan, a year-on-year increase of 22%. Among them, Taotian's revenue grew by 9% year-on-year, the number of 88VIP members continued to grow at double digits, Alibaba Cloud's quarterly revenue increased by 18%, and AI revenue grew by three digits for seven consecutive quarters.
Xiaomi's self-developed smartphone chip is here! Lei Jun announced its release in late May, marking a significant breakthrough in ten years of chip development.
On the evening of May 15, $XIAOMI-W(01810.HK)$ The founder, Chairman, and CEO Lei Jun officially announced via social media:
"I would like to Share a piece of news with everyone: The mobile phone SoC chip independently developed and designed by Xiaomi, named Xuanjie O1, will be released in late May. Thank you all for your support!"
This news marks XIAOMI's formal entry into the elite club of global mobile self-developed SoC chips, becoming the fourth mobile brand in the world to have its own self-developed mobile SoC after Apple, Samsung, and Huawei. Industry experts believe that the release of XIAOMI's SoC chip, Xuanjie O1, is a phased achievement of the self-controlled stage of China's semiconductor industry chain. People.cn Co.,Ltd commented: "In the current complex and ever-changing international environment, where competition in core technologies is intensifying, it is crucial for private entrepreneurs to maintain the spirit of 'Only by striving can one win.'"
Today's focus.
Keywords: USA May one-year inflation rate expected initial value, USA May University of Michigan Consumer Confidence Index initial value, Hang Seng Index quarterly review results
On Friday, in terms of economic data, USA April total new housing starts annualized, USA April import price index month-on-month, USA May one-year inflation rate expected initial value, USA May University of Michigan Consumer Confidence Index initial value and other data will be announced today.
In terms of financial events, 2027 FOMC voting member and San Francisco Fed President Daly will deliver a speech. The company will announce the results of the Hang Seng Index series review for the first quarter of 2025.
In terms of earnings reports, the Hong Kong stock market. $CHINAGOLDINTL(02099.HK)$Earnings Reports will be released today; USA stocks $Mastech Digital(MHH.US)$、 $RBC Bearing(RBC.US)$ 、 $RBC Bearing(RBC.US)$ 、 $So-young International (SY.US)$ The performance will also be released.
Regarding new stocks, the Hong Kong stock market $Green Tea Group (06831.HK)$ Listed today.
Futubull Morning Reading:
Your thoughts can deceive you, so it's best to take some precautions and remain vigilant about your own opinions.
——Charlie Munger
Editor/Somer
