On Friday night, the core PCE price index of the United States in May increased by 2.6% year-on-year, with an expectation of 2.60% and a previous value of 2.80%. +0.1% month-on-month, 0.10% expected, 0.20% previously.
If this script is followed, it should soon be in line with the Fed's targeting. In addition, the U.S. unemployment level in May was higher than expected, which is a leading indicator of downward inflation.
As a result, CME Group's Fed Watch tool shows that the probability of a 25 basis point rate cut by the Fed in September rises to 61%, and the probability of a further rate cut in December is 44.7%.
Probability of interest rate cuts
So when the data came out, the Nasdaq rose by 1% at one point, but then went all the way down, and it closed at -0.7%. The Nasdaq has been on the road to new highs, but the major shareholders of the 7 major US stocks are also constantly reducing their holdings.
Bezos reduced his holdings in Amazon, Zuckerberg reduced his holdings in the metaverse, Buffett reduced his holdings in Apple, etc., and the remaining companies also have major shareholders and executives reducing their shares.
Still be wary of possible callbacks.
It's a pity that U.S. stocks have been constantly reaching new highs amid everyone's worries, but the big A has always been falling when everyone thinks it has fallen a lot. One is constantly breaking through the upper limit, and the other is constantly breaking through the lower limit.
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SME
In June, the manufacturing purchasing managers' index (PMI) was 49.5%, unchanged from the previous month, and the prosperity of the manufacturing industry was basically stable.
In June, the non-manufacturing business activity index was 50.5%, down 0.6 percentage points from the previous month, higher than the critical point, and the non-manufacturing industry continued to expand.
In June, the composite PMI output index was 50.5 percent, down 0.5 percentage points from the previous month and higher than the critical point, indicating that the production and business activities of mainland enterprises continued to expand overall.
The PMI is still below 50 and is still below the boom and bust line.
However, we really shouldn't take the data of the manufacturing side too seriously every day, and we should pay more attention to the data of the consumption side, there will be manufacturing only if there is consumption, and there will be no consumption, the more manufacturing, the more waste, and the incident of capitalism pouring milk is not known to be in the textbook.
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The Regulations on the Administration of Rare Earths were promulgated, which will come into force on October 1, 2024.
The first is to clarify the working principles.
The second is to strengthen the protection of rare earth resources.
The third is to improve the rare earth management system.
Fourth, promote the high-quality development of the rare earth industry.
Fifth, improve the supervision system of the whole rare earth industry chain.
Sixth, clarify supervision and management measures and legal responsibilities.
I believe everyone knows what this is for, and you can't be beaten and not fight back, and it can be carried out reasonably and legally in the future. We have a competitive advantage and an important strategic resource with the potential to jam others.
However, if you want to participate in the speculation of rare earth concept stocks, forget it, in the current stock market environment, it is too easy to lose money on theme concept stocks.
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Screenshot of the video of the test posted by netizens
A number of netizens in Gongyi City, Henan Province posted videos from multiple perspectives to shoot the incident of a flying object falling into the air and catching fire and exploding, and the flying object looked like a rocket.
The news came out in the evening: At 3:43 p.m. on June 30, 2024, the Tianlong-3 liquid launch vehicle independently developed by Tianbing Technology carried out a hot test run of a sub-stage nine-machine parallel power system at the Comprehensive Test Center in Gongyi City, Henan.
During the test run, a sub-stage rocket ignited normally, the engine thrust reached 820 tons, due to the failure of the structure of the connection between the rocket body and the test bench, a sub-stage rocket detached from the launch pad, after liftoff, the rocket computer actively shut down, the rocket fell into the deep mountains 1.5 kilometers southwest of the test bench, and the rocket body fell into the mountains and disintegrated.
The test site is far away from Gongyi City, and before the test, we jointly improved safety and security measures with the local government and organized the evacuation of surrounding personnel in advance.
Tianbing Technology is similar to Musk's SpaceX, both of which are private commercial aerospace companies.
The performance of Tianlong-3 is comparable to SpaceX's Falcon 9, with a diameter of 3.8 meters, a take-off mass of 590 tons, a low earth orbit (LEO) capacity of 17 tons, and a sun-synchronous orbit (SSO) capacity of 14 tons.
Although this mistake is also rare in the history of astronautics, and it was also photographed near residential areas, it is true that more caution should be taken. Otherwise, the impact of casualties will be too great.
However, the privatization of the aerospace industry is also the trend of the times, after all, private enterprises also have their own characteristics, such as high efficiency, strong breakthrough ability and other characteristics. It is hoped that private aerospace companies can catch up with Musk's SpaceX, fuel China's aerospace industry, and come out with a Huawei in the aerospace industry as soon as possible.
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As for next Monday, the Nasdaq -0.7%, the China Concept Index -1%, and the A50 closed slightly red. The opening of Big A has little impact.
Tomorrow, Hong Kong will be closed on the anniversary of Hong Kong's return, Hong Kong stocks will be closed, and foreign capital in the Shanghai and Shenzhen Stock Connect will not come, leaving the big A to play by himself, but judging from the recent situation, foreign capital is constantly flowing out, and it should be good if it does not come now.