Overall and outlook of the US stock market: Major economic data reveals that the US economy is approaching recession, interest rate hikes are expected to decline, and growth stocks have collectively rebounded
Major US stock indices all rose this week. Among them, Nasdaq rose 7.5%, S&P 500 rose 6.4%, and Dow Jones rose 5.4%, while the China Securities Index continued to perform well this week, and the China Securities Index rose 13.9% this week. At the industry level, the decline in interest rate hike expectations caused growth stocks to collectively rebound this week, so information technology and non-essential consumer goods led the week. Furthermore, rising recession expectations drove the healthcare industry up 8.1%, which performed well; at a time when recession trading continues to rise, the cyclical performance of the US stock industry is poor this week, and the non-ferrous metals, coal, steel, oil and gas sectors have collectively pulled back, and a large number of cyclical stocks have plummeted rapidly into a bear market.
The reasons for the steady rebound of the three major US stock indexes this week are as follows:
1. Central banks in Europe and the US resonate with austerity, leading to rising expectations of a recession:
While central banks in Europe and the US are collectively following the Fed's interest rate hikes, austerity suddenly flooded global capital markets. Under the pressure of interest rate hikes that have been rare in the past 20 years, recession expectations continue to heat up. Among them, the commodity market bears the brunt, profit increases suppress demand, and the quantitative logic reflected by the direct decline in commodities. Even the strongest crude oil has continued to pull back, while the continuous decline in commodity prices is conducive to the decline in PPI.
After recent aggressive interest rate hikes, commodities around the world...