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.
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.
Cantor Fitzgerald Issues Stark Warning on Equities Amid Mounting Economic Risks
Fund Update: Cassaday & Co Wealth Management LLC Just Disclosed New Holdings
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined"){kind=small}
