Treasury Yields Hold Steady as Investors Await Fed's Policy Meeting
Gilt Yields Rise, Tracking Moves in Treasurys Ahead of Fed Decision -- Market Talk
JPMorgan traders "draw the line": U.S. stocks first break 6000, then hit a new low!
JPMorgan expects that, driven by factors such as the activation of CTA strategy and accelerated Share Buybacks, the S&P 500 Index will first challenge the 6000-point mark. However, afterwards, if investors hold a pessimistic view on the mid-term outlook under high tariffs, the market may retest low levels. JPMorgan agrees with the current widespread view of an economic recession and anticipates a significant decline in hard data such as non-farm employment and retail sales in the next 1-2 months.
Federal Reserve Still to Assess Tariff Impacts -- Market Talk
Deutsche Bank: The sell-off of USA Assets has been excessive.
Deutsche Bank pointed out that at the beginning of April, the USA market experienced significant volatility, but the panic regarding the dollar, USA Consumer data, and overall confidence in USA Assets may be exaggerated. From a relative valuation perspective, some cyclical USA Consumer stocks may begin to show investment attractiveness. Although policy volatility may persist, the narrative of "selling dollar Assets" may have reached its peak.
The New Taiwan dollar has surged, life insurance has become a major risk, and there is a large-scale mismatch of dollar Assets.
The life insurance industry in Taiwan, China, has long invested a large amount of Assets in US Bonds, and in order to maintain the yield, it only partially hedges its continuously expanding Forex risk exposure, effectively betting its solvency on the New Taiwan Dollar remaining weak against the US Dollar. As the New Taiwan Dollar surges, life insurance companies in Taiwan, China, are rushed to reduce or hedge their dollar exposure.
CBO Director: Still expects the USA debt ceiling "X day" to arrive at the end of summer.
When asked about the potential "X-Date", PHILLIP MM US$D indicated that it is still expected to occur in late summer.
Daily Roundup of Key US Economic Data for May 5
Cantor Fitzgerald Issues Stark Warning on Equities Amid Mounting Economic Risks
Treasury Yields, Dollar Boosted by Stronger-Than-Expected Services PMI -- Market Talk
ISM US April Services Index Rises Unexpectedly
Fed Meeting Looms as US Equity Futures Slip Pre-Bell
Bond Traders Swing to Powell's Side as Trump Calls for Rate Cuts
U.S. Treasurys Hold Steady as Investor Attention Turns to Fed Meeting
The most profitable investment Buffett made in his life came from the "changes" in the last ten years of his career.
Buffett stated that the wealth created for Berkshire by Apple's CEO Cook far exceeds his own. Previously, Buffett had consistently avoided technology stocks until he made an exception and invested in Apple in 2016, resulting in significant returns for Berkshire.
Japan's $1T U.S. Treasury Holdings Could Be a Bargaining Chip in Trade Talks
Two-year Treasury Yields Signaling Fed Should Cut Rates - Treasury Secretary Bessent
May's Must-See Financial Events: Apple & Nvidia Earnings, Berkshire Meeting, Interest Rate Decision, and More
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."
US Equity Indexes Rise, Treasury Yields Retreat Amid Fears of Tariffs Impact