Trump Unveils 'Historic And Transformative' $600 Billion Saudi Deal, Predicts Markets Will 'Go a Lot Higher'
Coinbase Jumps 24% as Crypto Firm Set to Join S&P 500
Trump, the "Master of Changing Faces", has investment banks "slapped in the face from both sides", and the report cannot be torn up in time.
After an important consensus was reached between China and the U.S. in the economic and trade field, JPMorgan's chief economist Feroli overnight "revised the report", raising the annual GDP growth forecast and lowering the probability of recession; Goldman Sachs' chief stock strategist David Kostin upgraded the S&P forecast value that was lowered last month; Wall Street veteran Ed Yardeni also raised the year-end target for the S&P from 6000 points to 6500 points.
After the positive inflation data was reported, Trump shouted at the Federal Reserve again: There is no inflation in the USA, please lower interest rates as soon as possible.
Trump pressured Federal Reserve Chairman Jerome Powell to lower interest rates, citing that the inflation report was below expectations.
S&P 500 Turns Positive On The Year, Flashes 'Quite Rare And Rather Bullish' Signal
U.S. stocks closed: The S&P recovered all losses for the year, and NVIDIA's surge led the return of the AI Concept.
① NVIDIA received a large order from Saudi Arabia, closing up 5.63%; ② UnitedHealth plummeted about 18%, dragging down the Dow; ③ Nasdaq Golden Dragon Index fell 0.07%; ④ General Motors partnered with LG New Energy to develop a new type of LMR square Battery.
Sumgai : I’m holding puts too. We could be wrong.