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last night and this morning, on the third-to-last trading day before the fed officially launched the interest rate cut cycle, u.s. stocks continued their moderate rise. the nasdaq and s&p 500 indexes both rose for the fifth consecutive day this week, and both achieved the largest single-week increase since the "v-shaped reversal" in november last year.

as of friday's close, the s&p 500 rose 0.54% to 5626.02 points. this week's cumulative increase was 4.02%.the biggest weekly gain since november last year。currently, it is only 0.7% away from the previous high of 5669.67 points.。

(s&p 500 weekly chart, source: wind)

the nasdaq index rose 0.65% to 17,683.98 points, and rose 5.95% this week, alsothe biggest weekly gain since november last year。

(nasdaq index weekly chart, source: wind)

the dow jones industrial average closed up 0.72% at 41,393.78 points, and rose 2.6% this week, the largest weekly gain since mid-august.the index is about 0.5% away from the previous high of 41585.21 points。

(daily chart of the dow jones industrial average, source: wind)

the key factor affecting friday's trading was nick timiros, a well-known journalist known as the "mouthpiece of the federal reserve."

he published an article on thursday aboutthe fed is in a "rate-cutting dilemma"although the article considers a 25 basis point rate cut as a safe option, it also lists a lot of reasons to support a 50 basis point rate cut - for example, if the fed expects to cut interest rates by 100 basis points this year, why wait until november or december instead of cutting 50 basis points next week?

the article also mentioned a point that jon faust, who resigned as powell's senior adviser at the beginning of the year, saidthe “total rate cut size over the next few months” is more important than whether the first rate cut is 25 basis points or 50 basis points.jon faust believes thatfor next week, a 25 or 50 basis point cut is actually a very close option.。

in the latest blow,on friday, the expected probability of a 50 basis point rate cut next week rose to 45%., an indicator that fell into single digits at one point this week.

(source: cme "fed watch")

of course, for chinese investors, the quarrel between the "25 party" and the "50 faction" can actually be put aside for now. according to powell's usual style of doing things, if there is really an unexpected 50 basis point rate cut next week, the "federal reserve megaphone" will continue to blow the whistle before the mid-autumn festival holiday.

other news

[suspected "tesla robotaxi spy photos" emerge]

spy photos posted on the social media reddit forum show that a small vehicle with a strange shape and layers of camouflage appeared in the tesla fleet preparing for the october press conference at the warner bros. studio in california. netizens quickly pointed out that it was the cybercab that will debut next month. consistent with the concept map in "musk biography", the tesla robotaxi is a two-door, two-seater small car with larger rear wheels and the same long taillights as the cybertruck.

[united airlines and spacex reach satellite internet cooperation agreement]

united airlines signed an agreement with spacex this week to provide satellite internet services to united's aircraft using spacex's starlink. united expects that all of its aircraft - more than 1,000 - will be equipped with starlink services in the next few years. testing will begin in early 2025, with the first passenger flights expected later that year.

[uber and waymo expand cooperation on driverless taxis]

on friday local time, uber, an american online ride-hailing platform, announced that it will launch driverless taxi services in austin and atlanta with waymo, a subsidiary of alphabet, starting in early 2025. as a result, uber's stock price rose 6.45% on friday.

[chairman promises not to reduce holdings of trump media technology soars]

trump, chairman of trump media & technology group (djt), who is currently running for the us presidential election, said on friday afternoon that he was not going to sell the company's shares. as a result, djt, which had fallen 60% in the past six months, rose nearly 30% near the close of friday's trading and eventually closed up 11.79%.

djt went public through a special purpose acquisition company in march this year. theoretically, the six-month lock-up period will expire as early as next week. even if the current price falls below that of march, trump can still get more than $1 billion in windfall by selling stocks.

microstrategy purchases 18,000 bitcoins

microstrategy, a u.s.-listed company that is more like a bitcoin fund than a stock, announced on friday that it spent nearly $1.11 billion to purchase approximately 18,300 bitcoins between august 6 and september 12, with an average transaction price of $60,408. as of september 12, microstrategy and its subsidiaries held a total of approximately 244,800 bitcoins.

driven by a rebound in bitcoin prices on friday, microstrategy closed up 8.18%.