JPMorgan traders "draw the line": U.S. stocks first break 6000, then hit a new low!
JPMorgan expects that, driven by factors such as the activation of CTA strategy and accelerated Share Buybacks, the S&P 500 Index will first challenge the 6000-point mark. However, afterwards, if investors hold a pessimistic view on the mid-term outlook under high tariffs, the market may retest low levels. JPMorgan agrees with the current widespread view of an economic recession and anticipates a significant decline in hard data such as non-farm employment and retail sales in the next 1-2 months.
Deutsche Bank: The sell-off of USA Assets has been excessive.
Deutsche Bank pointed out that at the beginning of April, the USA market experienced significant volatility, but the panic regarding the dollar, USA Consumer data, and overall confidence in USA Assets may be exaggerated. From a relative valuation perspective, some cyclical USA Consumer stocks may begin to show investment attractiveness. Although policy volatility may persist, the narrative of "selling dollar Assets" may have reached its peak.
Wall Street Futures Dip On Trump's New Tariffs, Fed Meeting In Spotlight
U.S. stocks closed: The three major Indexes all fell, with Berkshire dropping over 5%.
① Apple issued bonds for the first time in two years; ② The Board of Directors of Berkshire Hathaway voted to appoint Abel as CEO, while Buffett continues as Chairman; ③ The reorganization plan of OpenAI had to change and will continue to be controlled by a nonprofit entity.
Cantor Fitzgerald Issues Stark Warning on Equities Amid Mounting Economic Risks
Yardeni Research Lowers Recession Odds as It Echo's Confidence in the U.S. Economy
US Morning News Call | Trump Says He Wants a Fair Trade Deal with China
Tariffs, recession? The U.S. stock market just "doesn't care"!
On one hand, Goldman Sachs believes there is a 45% chance of a recession occurring within the next 12 months, while Apollo recently set it at 90%; on the other hand, the S&P 500 Index has just ended its longest nine-day winning streak since 2004, and bond yields and the dollar have stabilized. However, underlying concerns remain, as investors' risk compensation for U.S. stocks is below historical standards. The market is currently closely monitoring credit card data, which will serve as one of the warning signals.
The most profitable investment Buffett made in his life came from the "changes" in the last ten years of his career.
Buffett stated that the wealth created for Berkshire by Apple's CEO Cook far exceeds his own. Previously, Buffett had consistently avoided technology stocks until he made an exception and invested in Apple in 2016, resulting in significant returns for Berkshire.
GDP Shrinks for First Time in 3 Years as Trump Tariffs Trigger Record Trade Deficit
S&P 500 Futures Slip; GDP Data Shows Sharp Slowdown
Express News | U.S. Stock Index Futures Extend Losses After GDP Data Release
Express News | US Q1 GDP Growth Rate QoQ Adv -0.3% Vs 0.3% Forecast, Prior 2.4%
Express News | ADP Nonfarm Employment Change (Apr) 62K Vs 114K Est.; Prior 155K
Markets Are Dealing With a New Kind of Shock. The S&P 500 Might Not Have Bottomed Yet, Says Goldman Sachs
US Morning News Call | Report Says China Lists US Goods Exempt From 125% Tariffs
The U.S. Secretary of Commerce: The first trade agreement has been reached and is expected to be approved soon!
① On Tuesday, USA Secretary of Commerce Wilbur Ross revealed that the Trump administration has reached its first trade agreement, but it has not been completely finalized; ② Also on Tuesday, Trump stated that the tariff negotiations with India are "progressing well," and he believes that the USA is about to reach a trade agreement with India.
Trump has criticized Powell again, this time without naming him.
A week after claiming he had no intention of firing Powell, Trump again publicly criticized the Federal Reserve, stating, "We have a Federal Reserve that is not performing well," and believes he understands interest rates "better than he does."
U.S. stocks closed: the S&P 500 Index has risen for six consecutive days as investors anticipate Trump to adjust the tariff policy.
① Amazon was forced to terminate the plan to display the impact of tariffs on commodity pages; ② China Concept Stocks fluctuated, and the Nasdaq China Golden Dragon Index fell by 0.3%; ③ Meta released an independent AI application aiming to create a personalized Asia Vets assistant; ④ Starbucks reported a Q2 revenue of 8.8 billion dollars, below market expectations.
Tariffs have sparked widespread public dissatisfaction, forcing Trump to step out of his "comfort zone" and face voters directly.
① As various opinion polls show a rapid decline in Trump's approval ratings, the president of the USA has also ended the behavior pattern of the past three months; ② According to the schedule, he will travel to Michigan for a rally on Tuesday and deliver two graduation speeches in May.