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."
A JPMorgan survey indicates that the S&P 500 Index has peaked this year, but investors remain bullish on the Magnificent 7.
① A JPMorgan survey shows that 93% of investors believe the S&P 500 Index will hover around 6000 points or lower in the next 12 months, with 40% expecting it to remain within the 5000-5500 points Range; ② Respondents unanimously believe that trade wars and tariff uncertainties will trigger economic consequences, with 61% expecting the USA economy to face stagflation in the next 12 months.
Market Update | Most Autos stocks rose, NIO increased by over 5%, Li Auto grew by 2%, and Trump plans measures to mitigate the impact of car tariffs.
According to market news, President Trump of the USA will announce measures on Tuesday (April 29) to mitigate the impact of auto tariffs.
Cross-border e-commerce platforms have collectively raised prices in the United States.
Companies are being forced to pass costs onto consumers.
Tesla welcomes a major policy package: the USA plans to relax regulations on autonomous driving.
On April 25, reports stated that the USA government will relax regulations on autonomous driving, reducing the originally cumbersome accident reporting process, allowing non-commercial test vehicles to skip certain compliance procedures. This move is seen as the USA's largest deregulation regarding autonomous driving, directly addressing the core demand for Tesla, and giving the green light for Musk's plan to launch the Cybercab autonomous taxi fleet in Texas this June.
Did Trump's "surrender" have a lot to do with the "U.S. debt vigilantes"?
Under the strong pressure of US Treasury yields soaring to 5%, the "Bond vigilantes" successfully "forced a halt" to Trump's tariff policy. Trump admitted: "The bond market is very tricky, I have been monitoring it." Ed Yardeni stated that this is yet another victory for the "Bond vigilantes."
Regarding interest rate cuts! Several Federal Reserve officials have spoken out, with possible action as early as June.
① On Thursday local time, Cleveland Fed President Loretta Mester ruled out the possibility of a Federal Reserve rate cut in May but hinted at a possible cut in June; ② On the same day, several Federal Reserve officials publicly discussed the matter of rate cuts. Federal Reserve Governor Christopher Waller also stated that he would support a Federal Reserve rate cut if there is a significant rise in the unemployment rate.
S&P 500's Rapid Exit From Correction Territory Hinged on Trump's Walk-backs of Tariffs and Fed Fight
Flipping out faster than flipping a book? Trump once again blasts Powell: Not lowering interest rates is a mistake!
① The President of the USA, Trump, criticized Federal Reserve Chairman Powell again on Wednesday, accusing him of keeping interest rates too high and expressing that he might give him a call. ② Trump has recently criticized Powell multiple times and has not ruled out the possibility of firing Powell, but reportedly the Secretary of the Treasury and the Secretary of Commerce advised him against it.
Harmack stated: The Federal Reserve should continue to reduce its balance sheet, and the MMF policy needs to remain stable.
Harmack stated on Wednesday that the current situation still supports the Federal Reserve's continued reduction of its balance sheet. In the face of significant uncertainty, now is not the time to change MMF policy.
Is Intel's ambition for the 18A process facing setbacks? The flagship 2-nanometer chip is reportedly going to be outsourced to Taiwan Semiconductor for production.
① Intel is reported to have commissioned Taiwan Semiconductor to produce its flagship next-generation Nova Lake CPU using the 2-nanometer process, raising questions in the industry about its 18A technology; ② Some have revealed that Intel may adopt a dual-source Global Strategy, using both Taiwan Semiconductor's 2-nanometer technology and its own 18A process; ③ Intel has long been viewed as a core part of the USA chip dream, and its latest developments may undermine confidence in the White House.
Stocking up on Chinese goods in Canada? USA merchants take a chance: Trump's tariffs on China will eventually be lowered.
According to reports, the "delay tactic" of stockpiling in Canada — using duty-free warehouses, tax exemptions, and rebate policies — will still lead to an increase of about $500 to $600 in costs per container for sellers; however, these sellers are betting that the White House will eventually reduce the high tariffs on China commodities.
Goldman Sachs Research: AI Datacenters are moving toward the megawatt era, with liquid cooling technology becoming a key sector.
Goldman Sachs released a Research Report stating that Datacenters are undergoing a transformation from traditional cloud architecture to dedicated AI infrastructure, with increased computing density and liquid cooling technology becoming key trends in this transformation.
A safe haven in the storm of trade - Coca-Cola
JPMorgan believes that despite facing tariffs and macroeconomic headwinds, Coca-Cola is expected to achieve organic sales growth (OSG) by 2025, thanks to its strong defensiveness, diversified regional layout, limited tariff impact, and ability to adapt to a dynamic operating environment, positioning the company as a haven in turbulent markets.
The antitrust hammer has arrived! The Department of Justice urges the court to "force Google to sell the Chrome browser."
The USA Department of Justice demands that Google pays a heavy price for its monopolistic behavior, including three core measures: a court-ordered sale of the Chrome browser, termination of agreements that grant its Search Engine default status on Smart Phones and other devices, and a requirement to provide competitors with data access. Furthermore, a loss in another antitrust case may lead to the splitting of its $31 billion advertising business.
With the rise in US Treasury yields and the weakening of the dollar, the US market is facing synchronized pressure in stocks, bonds, and foreign exchange.
① In the face of the tyrannical "King of Understanding", investors around the world submitted their market trading "report cards" once again this Monday: selling off all USA Assets... ② Market data shows that the USA market experienced a tragic episode of "three kills in stocks, bonds, and currency" again this Monday— the US dollar, US stocks, and US bonds all fell simultaneously, and the declines were significant.
After Trump took office, he continuously "withdrew from groups". Will the next one be the IMF?
Analysis suggests that if the USA withdraws from the IMF, it would be a "massive economic, financial, and political mistake." The USA would lose all influence over the organization's policies and operations. More seriously, this would significantly weaken the international status of the dollar.
The Mag 7 Earnings Reports have begun! Under the tariff storm, Tesla has sounded the "red alert," and Google is facing a "chain reaction" of tariffs.
In the latest guidance, investors will clearly discern which tariff risks have been fully absorbed by the market and which potential impacts have not yet been priced in.
Trump wants to fire Powell? The French finance minister warns: this will damage the credibility of the dollar and the USA economy!
① The French Minister of Finance, Le Maire, warned that if Trump dismisses Federal Reserve Chairman Powell, it would jeopardize the credibility of the dollar and undermine the stability of the USA economy; ② Last week, Trump expressed his disappointment in Powell's cautious attitude towards interest rate cuts and posted on Social Media that Powell is not being fired quickly enough.
Amidst stock market turbulence, the "strongest alpha" emerges! Tariffs cannot suppress the explosive expansion of AI computing power.
Taiwan Semiconductor stated that no changes in customer behavior due to USA tariffs have been observed, and its optimistic expectations contrast sharply with the uncertainties in the global market.