美股观察｜美股上涨，AI产业投资持续强劲

Group 1: US Macroeconomic Data - In August, US retail sales unexpectedly increased by 0.6% month-on-month, surpassing the expected 0.2% and matching the previous value [1] - Retail sales excluding automobiles rose by 0.7%, exceeding both the expected 0.4% and the previous value of 0.4% [1] - New housing starts in August fell significantly by 8.5% month-on-month, lower than the expected decline of 4.4% and the previous increase of 3.4%, totaling 1.307 million units [1] - Building permits in August also fell by 3.7%, not meeting the expected increase of 0.6% and worsening from the previous decline of 2.2%, with a total of 1.312 million permits issued [1] Group 2: Major Index Performance - For the week of September 15-19, the S&P Oil & Gas Index decreased by 0.11%, while the Nasdaq 100 Index increased by 2.22% and the S&P 500 Index rose by 1.22% [2] - Among the 11 sectors covered by the S&P 500, 5 sectors saw gains, with communication equipment leading at 3.37%, while real estate experienced a decline of 1.42% [2] Group 3: Investment Direction - Following the recent interest rate meeting, a new round of rate cuts is anticipated, with US stocks rising as a result [4] - The dot plot indicates that among 19 voting members, 9 expect one more rate cut this year, while another 9 anticipate two cuts, aligning with current market expectations [4] - The US economy may remain resilient, supported by strong AI sector investments and potential fiscal spending resuming in October, with traditional demand in manufacturing and real estate likely to respond quickly to monetary easing [4]