听听财富经理 陈弘卫今日早晨上96.3好FM的股市近况
Listen to the sharing about this week’s investment outlook by our Wealth Manager, Tan hong Wei, on 96.3 HAO FM.
Shared by:
Tan Hong Wei (陈弘卫)
Wealth Manager
bit.ly/TTPhongwei
Originally Posted on:
https://www.facebook.com/PhillipWealthAdvisory/videos/446468708164475
Podcast English Translation:
Hello to all 96.3FM listeners, I am Phillip Securities Wealth Manager, Tan Hong Wei.
U.S. stocks rose strongly in the first half of the year, with the three major stock indexes rising across the board. The Nasdaq rose 18.1%; the S&P 500 climbed to 14.5% during the same period.
The main driving force came from the AI craze, with Nvidia, a big winner in chip stocks, soaring 1.5 times in the first half.
Judging from trends over the years, U.S. stocks that performed strongly in the first half of the year tends to perform well in the second half of the year.
However, the upcoming U.S. presidential election, interest rate cut decisions, and business/consumer confidence may bring pressure to the market and adjustments to U.S. stocks.
PCE which is the core inflation measure that the Fed pays most attention to, fell slightly to 2.6% in May. This shows that inflation continues to cool, slowing to a new low in more than three years. Therefore, market expectations for the Federal Reserve to cut interest rates are increasing.
Federal Reserve Chairman Jerome Powell said on Tuesday that he hopes to see inflation fall to about 2%, the Fed’s inflation target, before he has enough confidence to start loosening monetary policy.
At the same time, Chicago Fed President Goolsby expressed concern that if U.S. inflation continues to slow down and fall closer to the 2% target, it will exert greater downward pressure on the demand side too.
U.S. stocks started off strong in the second half of the year. Tesla rose more than 10% on Tuesday, with its total market value exceeding US$720 billion. I personally think that short-term corrections in U.S. stocks are normal in the future therefore we must pay attention to corporate earnings, the labor market, changes in inflation rates, and whether U.S. bond yields will continue to rise.
The above mentioned are my market insights. Thank You.
