Technology stocks will attract young investors, “Bull Queen” is still optimistic in the long run
Cathy Wood of Ark Investment Company conducted a live web chat, she said: This year, we have seen higher-valued stocks take a hard hit. But over time, the growth of these innovative companies will still maintain a good trend. She believes that young investors (many of whom have inherited the legacy of baby boomers) will continue to be attracted to more dynamic areas such as robotics and alternative energy. Therefore, she does not agree with the view that the recent rebound in value stocks means the end of the revival of technology stocks.
Most Wall Street: The U.S. Economy Can Withstand 3% U.S. Treasury Yields
Ed Yardeni, president and chief investment strategist at Yardeni Research, a major Wall Street investor, expects a comeback in U.S. inflation. Yadney predicts that current market conditions will push the yield on the 10-year benchmark U.S. Treasury bond to 2.5%-3% in the next 12 to 18 months. He said: “This is not enough to really hit the economy or the stock market. This is not a disaster.” He expects the S&P 500 index to reach 4,300 points by the end of the year, an increase of 8% from last Friday’s closing price. He expects the index to rise to 4,800 points by the end of 2022.
Biden proposed to Johnson: “Democracies” should also engage in “One Belt One Road”
According to Reuters, US President Biden and British Prime Minister Johnson held a telephone meeting on Friday (26th). After the phone call, Biden revealed to the media that he suggested to Johnson that “democracies” also need an infrastructure plan to compete with China’s “One Belt, One Road” (B&R) initiative. The British “Daily Telegraph” reported that the news disclosed by Biden did not appear in the British government’s announcement on the telephone meeting. But Biden said, “We talked about climate issues, discussed many common needs of the United States and Britain, and talked about whether the United States and Britain should stand together to deal with the issue of NATO unity. I hope I can attend the NATO meeting at the end of June. We discussed. Related arrangements.”
U.S. stocks resumption
The third wave of epidemics is coming! Germany considers “closing the city” again
According to CCTV Finance, with the spread of the mutated virus, the third wave of epidemics in Europe is coming fiercely. Many countries have restarted blockade measures. The German Health Minister said on the 27th that it is considering implementing a new round of “closures.” As of the 27th, the number of newly diagnosed new crown cases in Germany in a single day has exceeded 20,000 for 3 consecutive days, and the number of newly confirmed cases per 100,000 people in 7 days reached 124.9, which is also the highest since mid-January this year.
US Congressional Budget Office: US debt will double in 2051
According to US media reports, according to data from the US Congressional Budget Office, the US federal debt will double in the next 30 years to 202% of gross domestic product (GDP), greatly increasing the risk of a financial crisis in the United States. The office predicts that by the end of 2021, federal debt will reach 102% of GDP and will double by 2051. Such a high level of debt may increase borrowing costs, reduce economic output and increase the risk of a financial crisis.
Suez Canal “fishing” may take several weeks
The ultra-large container ship “Ever Given” ran aground on the Suez Canal on March 23, local time, and has not been relieved yet. The next window for the current rescue is late at night on the 29th. At that time, tidal phenomena will push up the tide to about 5.5 meters. Under the push of various forces, it may help it rise again. Otherwise, the next wave of high tide will have to wait another 12-14 days. According to Reuters, Suez, Egypt, the head of the Suez Canal Authority said on the 27th local time that the escape work has enabled the stern and rudder of the stranded heavy container freighter to move, but it is not clear when the ship will resurface Spark Global Limited.
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