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Bank of America Hartnett: Sell US stocks at highs, Buy Gold at lows.
Hartnett pointed out that as the "American exceptionalism" shifts to "American denialism," funds are flowing from the USA market to other regions, especially the Emerging Markets and Europe. Based on expectations of continued US dollar depreciation, increased market uncertainty, and rising demand for safe-haven assets, Hartnett remains Bullish on Gold.
The "Trump recession" has sparked a new trend in USA Social Media: learning how to survive tough days.
① As Trump imposed tariffs that impacted Global trade and the economy, Consumer panic about "an impending recession" reached its peak in recent years; ② In the face of economic uncertainty, many netizens have started to pay attention to posts on Social Media that teach "survival tips during a recession"; ③ American internet users have also discovered that due to the surge in living costs in recent years, the "money-saving tips" from more than a decade ago may no longer be effective today.
JPMorgan survey: The market widely predicts that the USA will fall into stagflation, and the dollar continues to weaken.
The survey released by JPMorgan on Friday shows that the market generally believes that the risk of stagflation in the USA over the next year is much higher than the risk of recession, while the most Bullish asset class for 2025 is Cash; Most respondents believe that the trade war initiated by the Trump administration is the most negatively impactful policy on the USA.
If Trump really wants the Federal Reserve to cut interest rates, what should he do? Ruin employment!
Both Goldman Sachs and senior officials at the Federal Reserve point to the same key interest rate cut — the rapid rise in unemployment, rather than inflation, is the real signal that compels the Federal Reserve to take action.
U.S. stocks and the dollar have stopped falling and rebounded, yet Bank of America warns that investors should Sell at high points as the conditions for sustained growth are not present.
Bank of America strategists have stated that investors should consider selling on rallies in the US dollar and warned that the current conditions do not support a sustained increase.
Interest rate cut in June? The "mouthpiece" of the Federal Reserve urgently reminds: do not overthink the officials' speeches.
① Cleveland Fed President Harker ruled out the possibility of a Fed rate cut in May during his speech on Thursday, but hinted at a potential cut in June. ② However, the well-known Fed "mouthpiece" journalist Nick Timiraos, often referred to as the "new Fed press agency," believes that Harker's speech was not as dovish as some people imagined.