Group 1 - The three major US stock indices have reached new highs, driven by macroeconomic data, monetary policy expectations, and the profitability of technology giants [1][5] - The "Magnificent Seven" index of major tech companies has also hit a new high, reflecting investor confidence in their earnings potential and growth [1][5] - The recent US core inflation data has decreased, strengthening market expectations for the Federal Reserve to end its tightening cycle and potentially lower interest rates [1][5] Group 2 - The US Consumer Price Index (CPI) for September showed a year-on-year increase of 3% and a month-on-month increase of 0.3%, both below market expectations [5] - The core CPI for the same month rose by 3% year-on-year and 0.2% month-on-month, with both figures down 0.1 percentage points from previous values [5] - The probability of the Federal Reserve lowering interest rates this month is estimated to be between 98% and 99%, with a significant increase in the likelihood of a December rate cut [5] Group 3 - The earnings season for US companies is showing positive momentum, with over 86% of the reported S&P 500 companies exceeding analyst expectations [6] - The importance of corporate earnings data has increased in the current market environment, with analysts noting that the third-quarter performance has been satisfactory so far [6] - Despite the new highs in the stock market, there are risks related to valuation bubbles and uncertainties in the macroeconomic environment [6]
宋清辉：美股三大指数皆创新高 估值泡沫和宏观环境风险不容忽视
Sou Hu Cai Jing·2025-10-26 04:33