Financial Data and Key Metrics Changes - The market is closely monitoring the impact of the recent assassination attempt on former President Trump, which has led to a significant increase in his perceived chances of winning the 2024 election, now estimated at 70% [21][24][60] - The overall sentiment among investors appears to be cautiously optimistic, with many believing that this incident may bolster Trump's image as a resilient candidate [54][58] Business Line Data and Key Metrics Changes - The focus is on how the political landscape, particularly the Republican Party's control of Congress, may influence market performance and asset prices in the lead-up to the elections [10][12][26] Market Data and Key Metrics Changes - Historical data suggests that in scenarios where the Republican Party wins, assets like U.S. stocks and oil tend to perform well in the six months leading up to the election, while gold performs better in the six months following the election [28][60] - The current political climate is expected to create volatility in the markets, particularly as the election approaches [66] Company Strategy and Development Direction and Industry Competition - The Republican Party's strategy appears to be consolidating around Trump, with party members rallying in support following the assassination attempt, which may enhance their chances in the upcoming elections [60][64] - The focus on the composition of Congress and its implications for governance and economic policy is critical, as a unified government could lead to more favorable conditions for Trump's policies [58][62] Management's Comments on Operating Environment and Future Outlook - Management emphasizes the importance of monitoring the evolving political landscape, particularly the potential for a divided or unified government, which could significantly impact market conditions and investor sentiment [12][25] - There is a recognition that the political environment is becoming increasingly polarized, which may lead to greater uncertainty in the markets [64][66] Other Important Information - The assassination attempt has sparked discussions about the potential for increased political violence and its implications for the electoral process [34][39] - The upcoming Republican National Convention is expected to be a pivotal moment for Trump's campaign, with speculation about his choice of running mate and cabinet members [70][72] Q&A Session All Questions and Answers Question: What is the expected impact of the recent assassination attempt on Trump's campaign? - The assassination attempt is perceived as potentially enhancing Trump's image as a strong candidate, with many investors believing it could rally support for him in the upcoming election [54][58] Question: How should investors prepare for the upcoming elections? - Investors are advised to remain calm and avoid impulsive decisions, focusing instead on the underlying economic indicators and maintaining a diversified portfolio to mitigate risks [66][67] Question: What are the implications of a divided Congress for Trump's policies? - A divided Congress could complicate Trump's ability to implement his agenda, making it crucial for investors to monitor the political dynamics closely [12][25]

Summary of Conference Call Company or Industry Involved - The conference call pertains to Changjiang Securities Research Institute Core Points and Arguments - The conference call is exclusively for whitelist clients of Changjiang Securities Research Institute [1] - Any institution or individual is prohibited from disclosing, copying, publishing, or forwarding the content of this meeting without prior written permission from Changjiang Securities [1] - Changjiang Securities reserves the right to pursue legal responsibility for any consequences arising from unauthorized actions [1] Other Important but Possibly Overlooked Content - The document emphasizes the legal implications and responsibilities associated with the unauthorized dissemination of the conference call content [1]

可访问版本 I N ST I T U T E 消费者 Mosel 推动革命 2024 年 7 月 02 日 关键要点 • 最近 , 消费者从水电费上涨中获得了一些喘息的机会 , 每位客户的水电费同比中位数 根据美国银行内部数据 , 在截至 5 月的三个月中下降了 1.4 % 。然而 , 他们仍然付出了更多 与 2019 年相比 , 包括电力在内的一些公用事业的价格一直在上涨 , 这表明任何缓解措施都可能是短暂的。 • 与此同时 , 电力需求实际上正在增加 , 压力供应 , 而且可能会在很长一段时间内继续这样做 , 因为 工业离岸和人工智能革命都在为发电能力的需求增压。 • 这种对发电和相关配电基础设施的大量投资的需求可能是消费者的逆风 可预见的未来的水电费。 一些家庭救济 ? 近几个月来 , 我们注意到影响家庭的各种成本压力 , 包括家庭和汽车保险 付款 ( 请参阅 : 4 月消费者检查站 ) , 以及更广泛的住房成本上涨。但是与住房相关的一个领域的成本是 似乎在为公用事业提供一些缓解。 In Exhibit 1,美国银行内部数据说明了每位客户的公用事业付款中位数同比 ( YoY ) 增长。它 显示 2022 ...