JP Morgan & Citibank Will Rally US Market?
@JC888：
US market continued to rally to a new high, in part fueled by the 2 sets of official data released. When market closed on Thu, 13 July 2023: (see above) DJIA: +0.14 (+47.71 to 34,395.14). S&P 500: +0.85% (+37.88 to 4,510.04). Nasdaq: +1.58% (+219.61 to 14,138.57). Excelled again. The 2 sets of official data that help to fuel US market’s rally: Producer Price Index (PPI). US Weekly Jobless Claims. US June 2023’s PPI came in at 0.1%, way below the expected forecast 0.4%. It is also lower than last month’s 0.9%. US PPI has been falling consistently from Jan 2023 to Jun 2023 (latest). Unemployment claims fell to 237,000 versus 249,000 (previous week) and against Wall Street expected 250,000. Week to week jobless claims have not been consistently on the decline. The heavy weight stocks rele