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Express News | China Lifts 125% Tariffs on Some U.S. Goods
Options Market Statistics: Hims & Hers Stock Surges After Inking Wegovy Deal With Novo Nordisk; Options Pop
Under the shock of tariffs, the Global hedge funds have lost their sense of direction, while shorting the US stock market has become a consensus.
As tariff policies trigger significant market fluctuations, most hedge fund managers choose to stay put, still reluctant to make any major bets, with one notable exception: they are heavily shorting USA Stocks.
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.
