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Cailianshe News, August 18 (Editor: Shi Zhengcheng)As the warm wind of the economy's "soft landing" swept across Wall Street, the three major U.S. stock indexes all recorded their largest weekly gains this year this week. The most representative S&P 500 index evenAnother 2% increase will set a new all-time high。

Some investors believe that with the help of CPI, PPI and retail data, the resilience of the US economy can last until the Federal Reserve loosens the high interest rates that are strangling economic vitality. Positive sentiment (and hot money) are pouring back into this year's super bull stocks -NvidiaIn just two weeks, it rebounded more than 20% from its low point, driving the Philadelphia Semiconductor Index to surge.

(Nvidia daily chart, source: TradingView)

at the same time,Some analysts also believe that the resilience of the US economy may not be worthy of the market's current optimism, and they are also looking forward to more financial reports and data to confirm this., such as the second largest retail department store in the United StatesTarget、Macy'swait.

In addition to local companies that reflect the U.S. economy,Some well-known Chinese stocks will also release financial reports next week。Xpeng Motors、Futu HoldingsIt will debut on Tuesday, Xiaomi, which has attracted much attention for its car manufacturing business, will announce its results on Wednesday, and it will be the turn ofNetEase、Baidu、Bilibili, Weibo to accept the test of the market.

Although there will not be any important economic data next week, it will still be a week with a strong presence of the Federal Reserve. In addition to the speeches of a number of officials, on Wednesday (early Thursday morning Beijing time),The Fed will release minutes from its last meetingGiven that Powell has made it clear that a rate cut is "on the table," the market will be looking for clues in the minutes with a magnifying glass.

Powell himself will also attend the Fed's Jackson Hole annual meeting on Friday.Although the official schedule has always been released late, we already know the most critical event - Powell will take the stage to deliver a speech at 22:00 Beijing time on Friday evening.

(Source: Federal Reserve Calendar)

Since market expectations have returned to the consensus of "the Fed cutting interest rates by 25 basis points", the market's expectations for Powell are quite moderate. For example, economists at BNP Paribas said in a research report this week that "the key highlight of Powell's speech will be to acknowledge that progress in inflation is sufficient to allow the start of interest rate cuts."

For stock market investors, there are some potential themes to watch next week.

First of all, the game theme."China's first 3A game" "Black Myth: Wukong" will be launched globally at 10 am Beijing time next Tuesday (August 20)Although the global media reviews released in the early stage have given mostly positive reviews, the final "whether the champagne can be opened" still depends on the first wave of feedback from millions of pre-order players around the world.Gamescom 2024Gamescom will also open on Tuesday local time.

(Source: Game Science, Steam)

It was fried for a while some time ago.deliver goodsrobotCompanyServe RoboticsWill attend the EnerCom Denver conference next Tuesday. The company, backed by Nvidia and Uber, is known for developing artificial intelligence delivery robots.

(Serve Robotics' delivery robots running on the streets of the United States, source: company website)

Next Friday, there is another event that Wall Street and Omaha investors will pay close attention to.Berkshire Hathaway bets on arbitrage trades - Liberty Media to hold virtual shareholder meeting next week, voted to free the company's only assetSiriusXM(holding 80% of Sirius XM) will be split off and will be merged with Sirius XM later. If all goes well, this set of transactions will be completed this quarter, and the market generally expects that the next step will be a regular event on Wall Street - after getting the merged shares, see who runs faster.

Overview of important financial events next week (Beijing time)

Monday (August 19): The Democratic Party of the United States held its National Convention (until the 22nd), and Federal Reserve Board Governor Waller made a public speech

Tuesday (August 20): China's August one-year/five-year LPR, Eurozone July CPI, Reserve Bank of Australia announces August monetary policy meeting minutes, Swedish central bank announces interest rate decision, Chinese domestic game "Black Myth: Wukong" officially launched

Wednesday (August 21): The Bank of Thailand announced its interest rate decision, the Bank of Indonesia announced its interest rate decision, Atlanta Fed President Bostic delivered a speech, and Federal Reserve Board Governor Barr delivered a speech

Thursday (August 22):The Federal Reserve releases the minutes of its monetary policy meeting, the European Central Bank releases the minutes of its July monetary policy meeting, the August PMI data of the Eurozone/Germany/France/UK, and the Jackson Hole Global Central Bank Annual Meeting opens (until August 24)

Friday (August 23): Japan's July CPI, Fed Chairman Powell's speech on economic outlook at Jackson Hole Annual Meeting, Bank of Japan Governor Kazuo Ueda and Finance Minister Shunichi Suzuki attended the parliamentary hearing

(Shi Zhengcheng, Cailianshe)