S&P 500's Rapid Exit From Correction Territory Hinged on Trump's Walk-backs of Tariffs and Fed Fight
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."
Think tank: Trump's tariffs have a greater impact on low-income people in the USA.
According to an analysis by the USA think tank Tax Policy Center, the tariff policy promoted by President Trump will effectively impose a tax-like burden on low-income families, which is more than three times greater than that on high-income families.
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.
Wall Street Rallies As Big Tech Powers Gains, Tariff Optimism Lifts Sentiment
U.S. stocks closed: The Federal Reserve wields the flag of interest rate cuts, and the S&P has risen for three consecutive days, approaching a key resistance level.
1. Federal Reserve officials discuss the outlook for a June interest rate cut, with the Nasdaq rising over 2% for three consecutive days; 2. Analyst: Pay attention to the key resistance level of 5,500 points for the S&P; 3. Switch 2 causes a global frenzy, impacting records in the Consumer Electronics market; 4. Apple's AI head loses power again, as a mysterious Siasun Robot&Automation team shifts under the Hardware supervisor.
U.S. Labor Market Showed Strength in Q1, but Future Hiring May Slow Vanguard Says
U.S. Durable Goods Orders Jump Ahead of Tariff Blitz
Express News | Fed's Hammack: Fed Could Move in June if Data Is Clear About Economy's State
Express News | U.S. Durable Goods Orders (MoM) For March 9.2% Vs 2% Est.; 0.9% Prior
US Morning News Call | U.S. Considers Cutting China Tariffs to 50-65%
Express News | NASDAQ 100 Index and S&P 500 futures turn positive in pre-market trading, while NVIDIA rebounds and Tesla narrows losses after earlier dropping over 2%.
Trump is playing with fire every day! Wall Street is ready: the stock market will go crazy every day.
① Many people are betting that, considering the current sensitivity of all Wall Street investors to any news related to tariff progress, significant fluctuations in the stock market will continue for some time; ② This means that even if the market rises, it could be just as unsettling as a decline.
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.
Wall Street Extends Gains, But Futures Trade Mixed
The Federal Reserve's Beige Book experiences a "tariff anxiety" explosion as US companies collectively cry out for price increases.
In the report on the economic situation of the USA in April, the term "tariff" was mentioned a total of 107 times, more than double the highest record during Trump's term; ② The uncertainty of trade policy has led American consumers to stockpile amidst chaos, causing widespread price increases and a significant deterioration in the economic outlook; ③ Most American companies report that they plan to pass on the additional costs brought by Trump's tariffs to the consumers.
Tariffs, Tension, and Tumbling Stocks: AllianceBernstein Outlines Q2 for Wall Street
US Morning News Call | Trump Says Tariff on China Will Be Reduced