Stocks Have Had a Good Bounce. But Here's Why This Investment Manager Thinks Lows Will Be Retested.
US Morning News Call | Trump Proposes Tariff Revenue to Fund Tax Cuts
Goldman Sachs (GS.US) Chairman Su Dewei: Tariffs may have a huge potential impact on the profitability of enterprises.
Su Dewei stated that discussions regarding tariffs may have an impact on business sentiment and could bring significant potential effects on corporate profits and losses.
Kevin Warsh Says the Fed Is Broken. He's Taking Dead Aim at Powell's Job.
The US stock market is facing a major test with Technology Earnings Reports, but good news is no longer able to lift the market.
Research indicates that in the current macro environment, companies with better-than-expected performance see an average increase of only 50 basis points the next day (T+1), significantly lower than the historical average of 101 basis points. Meanwhile, companies that do not meet expectations experience a drop of 247 basis points, which is more severe than the historical average decline of 206 basis points.
The USD has slightly increased, benefiting from the de-escalation of trade frictions and alleviated concerns about the independence of the Federal Reserve.
The US dollar showed a mild upward trend at the beginning of this week, supported by market expectations of easing global trade tensions and reduced risks to the independence of the Federal Reserve. Last week, President Trump announced progress in trade negotiations with Japan and clearly stated there was no intention to dismiss Federal Reserve Chairman Powell.
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