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2025-09-16 17:57:03
Tech Giants Reach New Highs, Expectations of Rate Cuts Fuel Market Enthusiasm: (1) Market expectations for a Federal Reserve rate cut this week continue to rise, boosting investor confidence. Data shows that the market generally expects the Fed to cut by 25 basis points at this meeting to address recent economic indicators of labor market weakness. (2) Despite market concerns raised by Trump's tariff rhetoric, the appointments to the Federal Reserve Board and legal challenges to specific appointments have not altered market expectations for loose monetary policy. Currently, the market expects a cumulative rate cut of approximately 68 basis points by the end of 2025. (3) The upcoming release of US August retail sales data will be the last key economic report before the Fed's decision and is expected to provide the market with more insights into the health of the US consumer. (4) Tech stocks performed strongly, particularly Alphabet, whose market capitalization exceeded $3 trillion for the first time, driving the Nasdaq and S&P 500 to record highs. Although September is traditionally a weak month for US stocks, the S&P 500 has fallen an average of 1.5% in September this year (since 2000), despite the current positive market trend. 5. It is worth noting that some companies’ performance fell short of expectations, leading to a sharp drop in stock prices. For example, the stock price of an entertainment and catering company plummeted by 17.7%. However, some companies were boosted by positive factors such as buyback plans, and their stock prices rose.
