SWHY(SZ:000166) 申万宏源宏观·2026-02-01 04:45Group 1 - The article discusses significant adjustments in gold and silver prices, with COMEX gold down 1.1% to $4,879.6 per ounce and COMEX silver down 17.6% to $84.8 per ounce [2][49][56] - The S&P 500 index saw a slight increase of 0.3%, while the 10-year U.S. Treasury yield rose by 2 basis points to 4.26% [2][21] - The article highlights a temporary agreement reached by U.S. bipartisan leaders to avoid a prolonged government shutdown, with funding for the Department of Homeland Security separated from the comprehensive bill [2][67] Group 2 - The article notes that the U.S. December PPI increased by 3.0%, exceeding market expectations of 2.8%, driven by strong service sector performance [95] - Initial jobless claims in the U.S. for the week ending January 24 were reported at 209,000, higher than the expected 205,000 [98] - The article mentions that the U.S. Treasury General Account (TGA) balance rose to $952.7 billion as of January 28, indicating an increase from the end of December [73] Group 3 - The article reports that the U.S. government recorded a cumulative fiscal surplus of $73.8 billion as of January 27, 2026, compared to a deficit of $27.8 billion in the same period last year [79] - The article discusses the nomination of Kevin Warsh by Trump as the next Federal Reserve Chair, which has caused significant market fluctuations [91][109] - The article indicates that the market anticipates two rate cuts by the Federal Reserve in 2026, despite the recent nomination of Warsh [91][109]