On August 12, the amount of the Federal Reserve's fixed interest rate reverse repurchases exceeded trillion dollars, reaching 1,00.46 billion US dollars. After breaking 1 trillion dollars for the first time in US history on July 30, this is another 1 trillion US dollars after a lapse of more than two weeks.
If there is a first time, then there will be a second time, and the Fed's reverse repurchase cannot escape this rule.
According to Bebb's law, from a psychological perspective, the first big stimulus can dilute the second small stimulus. Compared to the first time, the stock market's reaction to the news that the reverse repurchase has broken the trillion dollar mark is already much lackluster. The three major US stock indices all fluctuated only slightly. Among them, the Dow Jones index closed up 0.62%.
Although the market has become accustomed to it, the US macroeconomic policy still needs to be closely watched. After all, as a global financial center, any action in the US macroeconomic policy can have a certain impact on the capital market.
So, what issues and indicators should we focus on in the US in the future? Crude oil prices, US CPI inflation, and the Fed's QE attitude.
1. Crude oil has become the biggest obstacle to economic recovery
Faced with soaring crude oil prices, the White House finally couldn't sit back. It did not hesitate to punch itself in the face of the Green New Deal and proposed that “the competitive energy market will ensure reliable and stable energy supply, and OPEC+ must take more measures to support the recovery. ”
The reason why 1,000 enemies were killed and 800 self-damage made the US face the killer regardless of the face of crude oil pain was America's high inflation. After experiencing negative oil prices during the pandemic, crude oil gradually rebounded. WTI crude oil futures prices have rebounded all the way from negative until now...