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【Introduction】Fed officials spoke out, and the three major indexes closed up collectively

On August 19, Eastern Time, the market was awaiting the annual meeting of the world’s central banks to be held this week. Federal Reserve officials were all dovish, and the three major U.S. indexes closed higher.

Nvidia surged by more than 4%, and has accumulated a surge of more than 24% in the last six trading days!

Some monkeypox concept stocks soared, with Virax Biolabs soaring nearly 142%!

Markets await annual meeting of world central banks

The three major U.S. indexes closed higher

On August 19, Eastern Time, the market is paying attention to the speech that Federal Reserve Chairman Powell will deliver at the annual meeting of the world's central banks this week. In addition, traders will also analyze the latest minutes of the Federal Reserve meeting scheduled to be released on Wednesday this week. Today, many Federal Reserve officials also collectively released dovish sentiment.

Daly, a member of the Federal Reserve's FOMC this year, said that recent economic data has given her "more confidence" that inflation has been brought under control. Now is the time to consider adjusting the current interest rate range of 5.25%-5.50%. Although the labor market is slowing, it is "not weak."

Chicago Fed President Goolsbee said that U.S. credit conditions are tight and still tightening. Although it is still uncertain whether the Fed will cut interest rates in September as widely expected by the market, if it does not, it may hurt the job market. He said that when you set interest rates as high as they are now and keep them at that level when inflation falls, you are actually tightening policy.

U.S. stocks closed higher. As of the close, the Dow Jones Industrial Average rose 236.77 points, or 0.58%, to 40,896.53 points; the Nasdaq rose 245.05 points, or 1.39%, to 17,876.77 points; and the S&P 500 rose 54.00 points, or 0.97%, to 5,608.25 points.

It is worth noting that the Nasdaq has rebounded more than 10% since August 8, the longest upward trend since November 2023, and the S&P 500's eight-day rise of nearly 8% is the best in 11 and a half years.

Sterling Bay CEO Gloor said he hoped the Federal Reserve's interest rate cut would bring new growth opportunities to investors.

According to Wind Hong Kong News Agency, Goldman Sachs institutional brokerage data showed that hedge funds began to buy US stocks in the second half of last week. While retail data was better than expected, positive performance also eased growth concerns. Macro products such as indexes and ETFs saw slight net buying last week. At the same time, individual stocks were net sold, with short selling exceeding long buying. From the perspective of sectors, energy, real estate, utilities and healthcare sectors saw the most net buying. After four consecutive weeks of net selling, real estate stocks saw the largest net buying in four months.

Nvidia continues to rebound

On August 19, Eastern Time, Nvidia closed up 4.35% at $130, with a total market value of $3.2 trillion. Nvidia has accumulated a rise of more than 24% in the past six trading days!

On the news front, Goldman Sachs analysts Toshiya Hari, Anmol Makkar and others released a latest research report saying that benefiting from strong demand from large cloud service providers and corporate customers, Nvidia will continue to maintain its strong position in the fields of AI and accelerated computing, and continue to maintain its "buy" rating.

The report pointed out that although the delayed shipment of the Blackwell series GPUs has brought fluctuations to the fundamentals, based on official statements and supply chain-related data, it is still confident in Nvidia's profitability, and it is expected that its earnings per share in 2025 will reach US$4.16, 11% higher than the general market expectation.

Some monkeypox concept stocks soared

On August 19, Eastern Time, some monkeypox concept stocks soared. Among them, Virax Biolabs soared nearly 142%; Applied DNA Sciences rose nearly 129%.

On the news front, the World Health Organization previously announced that the monkeypox (MPox) outbreak in parts of Africa constitutes an "international public health emergency." This is the second time the WHO has issued such a highest level alert since July 2022.

(Comprehensive compilation by Ivan)

Editor: Captain

Audit: Wooden Fish

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