Express
CMB Macro: US stocks need more positive news to continue rising, momentum in August may weaken
Summary: According to CMB Macro research report cited by Jinshi data, Trump nominated Stephen Moore as a Federal Reserve director and is expected to nominate another director soon, indicating a possible trend towards easing within the Fed, paving the way for future rate cuts. Recent Fed officials' comments have been dovish, and if July CPI matches ...
According to CMB Macro research report cited by Jinshi data, Trump nominated Stephen Moore as a Federal Reserve director and is expected to nominate another director soon, indicating a possible trend towards easing within the Fed, paving the way for future rate cuts.
Recent Fed officials' comments have been dovish, and if July CPI matches market expectations, the Fed is likely to hint at a rate cut at the Jackson Hole central bank meeting on August 21-23. However, the 25BP rate cut in September FOMC is already fully priced in by the market.
After Q2 earnings exceeded expectations, US stocks will need to see more positive news to continue rising, with momentum potentially weakening in August.
Tags:
Link: CMB Macro: US stocks need more positive news to continue rising, momentum in August may weaken [Copy]
