今天！降息，大消息！

Group 1: LPR Rate Changes - The People's Bank of China will announce the 1/5 year Loan Prime Rate (LPR) on May 20, with the current 1-year LPR at 3.1% and the 5-year LPR at 3.6%, remaining unchanged for six consecutive months [3] - The central bank's governor announced a 0.1 percentage point reduction in policy rates from 1.5% to 1.4%, which is expected to lead to a corresponding decrease in LPR [3] - A new round of deposit rate cuts is anticipated, which will help alleviate the pressure on banks' interest margins and maintain their ability to serve the real economy [3] Group 2: U.S. Market Reactions - U.S. stock markets experienced volatility, with the Dow Jones nearly flat, the Nasdaq down approximately 0.4%, and the S&P 500 down about 0.2% [5] - Moody's downgraded the U.S. credit rating from Aaa to Aa1, citing challenges from expanding budget deficits and high borrowing costs, which pressured bond prices and pushed yields higher [6] - The 30-year U.S. Treasury yield surpassed 5%, and the 10-year yield exceeded 4.5%, levels that previously affected stock market performance [6] Group 3: Investment Strategies - Baird's investment analyst suggested that Moody's report does not change the bullish outlook for the market over the next 6 to 12 months, viewing it as a temporary excuse for market adjustment [8] - UBS recommended that investors continue to strategically allocate to U.S. equities despite the recent strong rebound and the credit rating downgrade, maintaining a neutral rating on U.S. stocks [9] - UBS highlighted strong performance trends in structural artificial intelligence during the earnings season and expects U.S. stocks to continue rising over the next 12 months, particularly favoring sectors like communication services, information technology, healthcare, and utilities [9]