Accept mistakes and correct them in time.
2024.5.16 Daily Update:
On Wednesday, the US April CPI data showed that inflation resumed its downward trend and retail sales unexpectedly remained flat last month, which restored the market's confidence that the Federal Reserve will cut interest rates in September. The US dollar index fell sharply during the session and finally closed down 0.67% at 104.3. The 10-year US Treasury yield fell below the 4.4% mark and finally closed at 4.344%. The 2-year US Treasury yield, which is most sensitive to the Fed's policy rate, finally closed at 4.738%.
Helped by the market's optimism about the Fed's rate cut, spot gold once hit an intraday high of 2390.09, hitting a nearly one-month high, and finally closed up 1.18% at $2385.67/ounce; spot silver approached the $30 mark and closed up 3.67% at $28.60/ounce.
As the IEA believes that global oil demand growth will weaken, oil prices once fell to a new low since February this year, but after the weak CPI data fueled expectations that the Federal Reserve will cut interest rates later this year, oil prices staged a V-shaped reversal. WTI crude oil once fell to an intraday low of $76.35, but recovered all its losses and turned up during the U.S. trading session, and finally closed up 0.46% at $78.39 per barrel; Brent crude oil closed up 0.26% at $82.67 per barrel.
The three major U.S. stock indexes all hit record highs, with the Dow Jones Industrial Average closing up 0.88%, the S&P 500 up 1.17%, and the Nasdaq up 1.4%. GameStop (GME.N) fell 18%, AMD (AMD.O) rose 4%, and MicroStrategy (MSTR.O) rose 15%. The Nasdaq China Golden Dragon Index rose slightly, Alibaba (BABA.N) rose 1.8%, and Xpeng Motors (XPEV.N) fell 3.5%.
Major European stock indices closed higher across the board, with the German DAX index up 0.82%, the British FTSE 100 index up 0.21%, and the Euro Stoxx 50 index up 0.41%.
Hong Kong stocks were closed for one day yesterday due to Buddha's Birthday.
The three major A-share indices fluctuated and weakened, with the Shanghai Composite Index down 0.82%, the Shenzhen Component Index down 0.88%, and the ChiNext Index down 0.9%. On the market, the real estate sector bucked the trend and strengthened, with Yunnan Urban Investment and other stocks hitting the daily limit; in addition, chemical fiber, PEEK material concept, household goods, building materials and other sectors led the gains; Sora concept, virtual power plant concept, CXO concept, securities, power and other sectors led the declines. The total transaction volume of the two markets was about 760 billion yuan.
Account status: total capital of 475,000 (including dividends), principal of 150,000, and yield of 200+%. The total equity of the contract account is 410,000, and the total position is 41.50,000, 40+ varieties, 170+ pending orders.
Risk warning: Leverage is not a devil, it is just a tool to improve the utilization rate of funds. Leverage itself has no risk, the real risk comes from human nature.
