Market dynamics weekly last week's financial report data of large enterprises and the inflation indicators concerned by the Federal Reserve have become the focus of investors' attention. Considering the massive influx of information, the assets in the market have been constantly re-priced, so there have been great fluctuations. Generally speaking, the overall market trend has finally risen, especially driven by the gratifying financial report of Microsoft and Google, the stock market has recovered half of its monthly decline. After last week's decline, the Nasdaq index rebounded this week, and Russell, a small-cap stock in S&P, both rose more than one. Only the Dow Jones industrial average has not risen, and the main narrative of the market has not changed fundamentally. Economic growth has slowed down, inflationary pressure is high, geopolitical tension and interest rates have risen slightly, but the following points are still worthy of attention. The current market environment is in the process of reflation rather than recession, and there is still a certain foundation for the recovery of global manufacturing. In the data just released, personal consumption expenditure is still growing at a relatively healthy rate, and enterprise equipment expenditure has increased residential investment for the first time in the past year for more than three years. It is reported that the profits of seven giant companies are expected to increase year-on-year in the first quarter, easily exceeding the expected profit growth rate of the S&P index. Three of the four companies that announced their results last week saw their share prices rise, among which Tesla Microsoft made outstanding performance and announced dividends for the first time. However, its share price, which had been strong before, fell because the company announced a lower-than-expected income forecast and aimed at it at the same time. In order to support artificial intelligence with higher capital expenditure, in addition, investors are more concerned about the future investment and expenditure plans of large technology companies than just their current profitability. It is announced that infrastructure investment will increase by as much as billion dollars this year. Such a large amount of expenditure scares investors and makes their stock prices plummet. The total cash balance of Microsoft Tesla and Google at the end of the first quarter is as high as billion dollars. If companies use their huge cash to make strategic acquisitions, they will get direct returns, which will make investors. They are glad that they don't want to see the company spend a lot of money on projects that don't know when they can make profits. Investors have limited patience with high-value technology stocks now. They expect a quick return to an episode. According to informed sources, if ByteDance finally loses, the company is more inclined to shut down its entire software in the United States. On the one hand, the revenue that is still a loss for bytes accounts for a small proportion. On the other hand, the closure has little impact on the company's performance. On the other hand, the underlying algorithm belongs to the trade secret of bytes. It may be sold. If it is finally shut down, the biggest beneficiary will definitely be. However, such news has not stopped the after-hours plunge. However, if it happens, we have a high probability of seeing the China stock market jump and become a beacon. Recently, Morgan Stanley, UBS, Goldman Sachs and other overseas investment banks have upgraded the rating of China stock market. Policymakers have hinted that it may gradually increase its active trading in the secondary market of bonds, which may enhance market liquidity and enhance investor sentiment. Last week, the net inflow of funds northward hit a record high index. China's concept stock index and Hang Seng Index rose respectively, and this is the best weekly rate of return since January. The analysis shows that the attraction of low valuation of the stock market is gradually emerging. With the continuous impact of domestic economic growth policies, the profitability and liquidity factors of stock market pricing may be marginally improved, and the net inflow of foreign capital will further increase. Another positive sign is that the real estate market, such as Shanghai luxury home sales, has driven the new house price index to rise deeply. Shenzhen property market also shows signs of recovery. The number of second-hand housing transactions has increased significantly. At the beginning of the year, the first analyst who gave a selling rating to China Evergrande said that after the adjustment, the real estate industry in China is preparing for a slow recovery. It is expected that the sales volume and price of the real estate industry in China will not rise this year, but the decline will be eased. He believes that the domestic residential sales may fall below the record decline in 2008 by area, and the decline in new housing starts may be narrowed once the house prices stabilize. Depressed demand will return, because the falling cycle of real estate prices in the past three years has caused people to postpone buying interest rates. Last year, the interest rate of annual treasury bonds closed gradually close to that of annual treasury bonds. This week, the market absorbed a total of billion dollars of new treasury bonds. The demand for annual treasury bonds is strong, and the high interest rate is usually not conducive to the stock market's strength. Last week, oil rebounded and rose, and crude oil closed in US dollars, which basically closed steadily with concerns about the escalation of the Middle East conflict. The subsided gold fell to close at the dollar, and the industrial metal index fell slightly. Cryptographic currency lacked a new catalyst. Due to the lack of a new catalyst, the favorable macro-market sentiment rebound failed to drive the spot of cryptocurrency to flow out for the third consecutive week, and there was no inflow for three consecutive trading days. It was the first time since its inception. After the conflict between Iran and Israel improved smoothly, Bitcoin halved, and the cryptographic market once rose to more than the dollar. With the listing of the first spot in Hong Kong on Tuesday, there was an increase over the weekend. Ethereum Development Company retaliated by filing a lawsuit on the grounds of ultra vires supervision. The notice received on March indicated that it was preparing to file a lawsuit, which was also a blow to Ethereum. After the revision, the network computing power remained at a high level, but the difficulty of mining increased. Trump was more closely bound to loose monetary policy. The Wall Street Journal published a heavy article about Trump's team plotting to manipulate the Fed's plan after taking office, including letting the interest rate policy negotiate with the President and letting the Ministry of Finance review the United States. Trump hopes that the chairman of the Federal Reserve can communicate with him to promote the monetary policy in line with his wishes. Although there are concerns, there are obstacles in Trump's influence on the Fed in practice, such as there are no vacancies and the market's confidence in the independence of the Fed is crucial. These discussions and plans are worthy of further consideration only after Trump is re-elected, but they can strengthen the market's confidence that Trump's probability of winning the election will rise, monetary policy will be looser, and long-term inflation will be higher. 比特币今日价格行情网_okx交易所app_永续合约_比特币怎么买卖交易_虚拟币交易所平台

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