Global Macro
The three major stock index futures rose and fell before the market
Ahead of trading on Monday, the three major stock index futures rose and fell. As of press time, Dow futures are down 0.54 percent, Nasdaq 100 futures are up 0.06 percent, and S&P 500 futures are down 0.37 percent.
Most of the large technology stocks rose before the session, with Tesla up 1.69%, Nvidia up 0.79% and Amazon up 0.26%.
Shorting "Wooden Sister" in the technology stock crisis has become a big winner: January earnings have exceeded last year's full year
According to financial analysis firm S3 Partners, traders shorting "Wooden Sister" ETFs have already earned more in January than for the full year of 2021. So far in 2022, traders shorting ARK funds have made $999 million, surpassing their full-year gain of $941 million last year. The agency noted that in terms of percentage returns, four of the 10 ETFs with the highest profits for bears this month belong to ARK funds.
As tech stocks tumbled, investors began bottoming out the Ark Fund
Factset data shows that although Mutoujie's flagship fund $ARK Innovation ETF (ARKK. US) $ has fallen more than 27% this month and the price has fallen back to mid-2020 levels, but investors have invested $168 million in ARK in the past week, bringing the fund's net worth to $11.8 billion. For ARK, which has invested a lot of money in "technology growth stocks that have fallen out of favor", this is undoubtedly a heart-warming "vote of trust" for ARK, which has "performed badly" this year.
Fed officials say a 50 basis point hike is possible if necessary, how will the market respond?
Atlanta Fed President Bostic said in an interview with the media that if a more aggressive approach is needed to curb inflation, the Fed could raise interest rates by 50 basis points. Notably, Bostic is the first Fed official to mention that the Fed could raise interest rates by 50 basis points, though Bostic is a 2024 FOMC voting committee and has no voting rights this year.
Bostic stuck to his prediction that the most likely scenario would be: rate hikes starting in March, 25 basis points each time, for a total of three hikes. But he said every option is possible, and if the data shows, or if the situation develops to the point where a 50 basis point hike is required, then it will also be inclined to raise 50 basis points.
Goldman Sachs finally changed his mouth! Latest forecast: The Fed raises interest rates five times this year
Goldman Sachs predicts that the US Federal Reserve will raise interest rates five times in 2022. Previously, Goldman Sachs predicted that the Fed could raise interest rates four times this year. Goldman Sachs economic analysts David Merrickle and Jan Hachus wrote in research reports that they expect the Fed to raise interest rates in March and May, announce balance sheet cuts in June, and then raise rates in July, September and December.
The research report wrote that in the fourth quarter of this year, the Fed will raise the interest rate range to 1.25% to 1.5%.
Powell's attitude took a sharp turn? BlackRock critic: The Fed could make hawkish policy mistakes
From insisting a few months ago that the inflation rally was temporary and that Taper did not mean that interest rates were about to be raised, to Thursday's "do not rule out raising rates at every FOMC meeting", Fed Chairman Powell's monetary policy stance took a sharp turn in just a few months.
Scott Thiel, Chief Fixed Income Strategist at BlackRock, warned that the Fed may be making hawkish policy mistakes. At a time when the U.S. labor market is still not fully recovering from the devastation of the epidemic, a sharp interest rate hike by the Federal Reserve could weaken the recovery of the business cycle.
Hot news
Against the market to increase the position! Wood Sister frantically bought 5 billion Teslas
The tech queen "Sister Wood" sees the recent slump in tech stocks as a "throwaway from innovation" and urges investors not to just focus on recent market volatility. And she did start buying: Taking Tesla, for example, from January 11 to 25, its fund bought a total of 780,000 shares, with an average price of $999 in between, costing about $800 million (about 5 billion yuan).
Tesla rose more than 1% before market hours.