To maintain an economic growth rate of 4.6% next year, counter-cyclical adjustments have a significant role to play. Two critical policy objectives stand out: sustaining infrastructure growth (including power infrastructure) and boosting consumption growth. Over the past two years, monetary…
Last week saw a broad-based rally across global capital markets. U.S. equities continued their slow upward trend following rate cuts, maintaining intraday volatility. Cryptocurrencies surged significantly, driven by liquidity injections from both China and the U.S., with Bitcoin breaking through…
Last week’s market performance was highly volatile, reflecting the unresolved divergence in participants’ views on the future. At the core of this uncertainty is the debate over the magnitude of the upcoming rate cut—whether it will be 25 basis points…
Last week saw a broad market pullback. With U.S. markets closed on Monday due to a public holiday, trading resumed with a sharp retreat spurred by renewed expectations of a rate hike by the Bank of Japan. The Nasdaq dropped…
China’s asset prices continue to diverge from global trends, with the benchmark index falling below 2800 points and continuing its downward trajectory. This Friday saw another sharp pullback, and government bond prices have surged past previous highs. The central bank’s…
This week, global markets experienced widespread declines, with bond yields remaining stable but fluctuating slightly, while precious metals hovered at elevated levels. Over the past two weeks, global equity prices have shifted from stagnation to rapid pullback, with market rotations…
The past week was relatively uneventful. Both U.S. equities and cryptocurrencies remained in a broad consolidation phase, characterized by alternating gains and losses with rapid directional shifts. Despite numerous data points indicating that the U.S. is not in a recession…
Rate Cuts: What’s Next? Over the past few weeks, updates have been paused due to the CFA exam. Before diving into recent market trends, let’s revisit AI and its related investment opportunities. During my CFA studies, I found ChatGPT to…
As we noted last week, global equity assets performed strongly this week, with gold hitting new highs and bond markets remaining remarkably stable. After a rapid adjustment, the global bond market has now entered a bottleneck period, indicating that uncertainties…
This week, the U.S. released its July economic data, with CPI falling from 3.0% to 2.9% and retail sales rising by 1.0% month-on-month, both surpassing market expectations. Following the release of these figures, global stock markets quickly rebounded, recession fears…
