Last Week’s Macroeconomic Data and Market Response Last week’s macroeconomic data provided broad support for equity markets. The U.S. June CPI further declined, hitting the lowest month-over-month rate since 2021. Following the data release, the Nasdaq and other equity markets…
Last week, global capital markets experienced high volatility. The dollar index and Treasury yields fluctuated downward, while equity assets saw upward volatility. However, the performance within equity assets varied significantly. Specifically, U.S. stocks, particularly the Nasdaq, continued to rise, reaching…
This week, U.S. macroeconomic data suggests the economy is steering towards a soft landing, although there are clear signs of cooling. Growth in durable goods consumption is slowing, with core durable goods consumption already in negative growth. Unemployment benefit claims…
The “A Brief History of Chinese Business Cycles：1978-2023” has been published for three months. A senior figure who has consistently supported us called after reading it and asked many questions about reforms, with the most important being: “What is your…
Last week, global assets remained in a volatile state. The USD Index broke above 105, nearing 106, but the yield on the U.S. 10-year Treasury note did not rise to the restrictive 4.5% level, instead hovering around 4.2%. This reflects…
This week, China’s macroeconomic data was released, revealing that consumption, industrial production, and investment excluding real estate exceeded expectations. In response, the China A-share market launched another defense of the 3000-point mark. Despite the People’s Bank of China actively injecting…
This week, the US released its May CPI, showing a year-on-year increase of 3.3%, and PPI rose by 2.2%, surpassing expectations. Following the CPI release, Chairman Powell’s hawkish tone at the FOMC meeting initially boosted asset prices, but they retreated…
Last week’s macroeconomic data was dramatized by many media outlets as a “night of terror” with the simultaneous release of May’s CPI data and the June Federal Reserve meeting. In reality, the CPI data and Powell’s speech essentially canceled each…
Last week, the Nasdaq and Nvidia stocks achieved new record highs, reflecting the strong performance during the U.S. earnings season. Early and mid-week releases of the ADP Non-Farm Employment Change and PMI data indicated that the U.S. economy is decelerating,…
As we mentioned last week, the Chinese stock market experienced a broad pullback this week, with trading volumes steadily declining to around 700 billion yuan. On June 7th (Friday), some blue-chip stocks saw significant retreats. According to the performance of…
