Group 1 - The adjustment of the U.S. non-farm payroll data has significantly impacted market expectations, indicating a shift in economic outlook [10] - Understanding the future trajectory of the U.S. economy is crucial, with discussions on whether a recession can be avoided [10] - Following a substantial correction in the U.S. stock market, there are considerations on whether this presents a good buying opportunity [10] Group 2 - Future trends in the U.S. dollar, U.S. Treasury yields, and gold prices are essential for investment strategies [10]

Macro News - The U.S. economy grew by 3% in Q2, exceeding the expected 2.4% [1] - The ADP employment number for July increased by 104,000, surpassing the expected 75,000, marking the highest growth since March [1] - The Federal Reserve maintained interest rates at 4.25%-4.50%, with dissenting votes from Waller and Bowman advocating for a rate cut [1] - Powell emphasized a data-driven approach and stated that the current monetary policy stance is favorable, suggesting that the impact of tariffs on inflation is likely to be temporary [1] Market Sentiment - The probability of the Federal Reserve maintaining interest rates in September is 54.3%, while the probability of a 25 basis point cut is 45.7% [2] - Market expectations for a rate cut have adjusted, with a focus on potential cuts only in October [2] - The recent GDP and ADP data indicate a robust U.S. economy, leading to a stronger dollar and pressure on precious metals [2] - Despite short-term market fluctuations, there are ongoing risks of inflation rebound and economic slowdown, suggesting that precious metals may continue to experience wide fluctuations at high levels [2]

Group 1 - Alphabet's Chief Information Officer stated that the skills gap in the U.S. workforce puts the country at a disadvantage [1] - IBM's CEO Cohen expressed an optimistic outlook on the future direction of the U.S. economy [2] - State Street's CEO O'Hanley described the tariff policy as "chaotic" [3] Group 2 - The Director of the Congressional Budget Office still expects the debt ceiling to be reached by late summer [4] - Wamco's Chief Investment Officer Buchanan believes the likelihood of the U.S. economy entering a major recession is very low [5]