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CITIC Securities: Powell's Dovish Remarks to Lead US Stock Market 'Catch-up' Logic
Summary: According to Jinshi's report, CITIC Securities pointed out that Powell's dovish remarks at the Jackson Hole annual meeting were in line with expectations, predicting that the Fed will cut interest rates three times this year, each time by 25 basis points. The 'rate cut trade' logic in the US stock market will be clarified again, ...
According to Jinshi's report, CITIC Securities pointed out that Powell's dovish remarks at the Jackson Hole annual meeting were in line with expectations, predicting that the Fed will cut interest rates three times this year, each time by 25 basis points. The 'rate cut trade' logic in the US stock market will be clarified again, similar to the market in July 2024, where rate-sensitive Russell 2000, S&P 500 real estate, and Nasdaq biotechnology may rise again. It is expected that US bond yields and the US dollar index still have slight downward space, rate cut expectations will boost global equity market risk appetite, but caution is needed against the negative impact that the Russia-Ukraine agreement may bring.
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Link: CITIC Securities: Powell's Dovish Remarks to Lead US Stock Market 'Catch-up' Logic [Copy]
