U.S. stocks closed slightly lower after Fed rate hikes in March Financial News: U.S. stocks closed lower on Monday, with the Dow Jones Industrial Average falling 0.24%, and the Nasdaq fell 0.37%, with financial stocks leading the decline.

Financial World US Stock News: In the early morning of March 7, Beijing time, US stocks closed lower on Monday, with the Dow Jones Industrial Average falling 0.24%, and the Nasdaq fell 0.37%, with financial stocks leading the decline. The Fed's expectation of a higher rate hike has suppressed investors' risk appetite, and the market is worried that the valuation of US stocks is too high, and leading stocks have fallen recently.

Chinese concept stocks closed up and down on Monday, with Baidu (US stock BIDU) down 0.28% to close at $173.30, Alibaba (US stock BABA) down 0.97% to close at $102.31, JD (US stock JD) down 1.68% to close at $30.41; the three stocks rose More than 3%, among which Blue Fung (US stock CCIH) soared 12.50% and closed at $2.25, Yirendai rose 3.96% and closed at $27.84, and New Oriental rose 3.63% and closed at $27.84; the two stocks fell more than 3%, among which Phoenix New Media (US stock FENG) fell 3.12% and closed at $3.73, and Tuniu Travel Network (US stock TOUR) fell 4.65% and closed at $7.79.

Financial World US Stock News: Gold futures prices closed down on Monday, mainly due to the market expecting the Fed to raise interest rates as early as later this month, resulting in pressure on gold prices. But at the same time, the uncertainty brought about by a wide range of geopolitical risks has helped limit the demand for gold as a safe haven asset.

New York Mercantile Exchange gold futures price for April delivery fell $1,255.50 per ounce, down less than 0.1%, reversing the upward trend at the opening. According to statistics from financial information provider FactSet, this means that gold futures have once again hit their lowest closing price since February 14. In overall trading last week, gold futures prices fell by more than 2%, ending the previous four weeks of continuous upward trend, mainly due to Fed Chairman Janet Yellen's statement that the bank is likely to raise interest rates at its next monetary policy meeting scheduled from March 14 to 15.

The Fed rate hike may weaken the attractiveness of gold to investors because gold is a non-interest-paying asset. Meanwhile, the Fed's interest rate hikes tend to drive the dollar up, and in general, rising dollar exchange rates will cause the prices of dollar-denominated commodity futures such as gold to fall because investors holding other currencies will have higher costs to buy these commodities.

The Intercontinental Exchange (ICE) dollar index, which tracks the exchange rate movement of the US dollar against six major international currencies, rose 0.1% at the close of the gold futures market, after the index hit a two-month high last week.

In other metals trading on the New York Mercantile Exchange, silver futures price for May delivery rose 3.3 cents to close at $17.773 per ounce, or 0.2%, after a cumulative decline of 3.6% in overall trading last week. Copper futures for May delivery fell 4.5 cents to close at $978.20 per pound, down 1.6%. Platinum futures for April delivery fell $15.90 to close at $978.20 per ounce, a drop of 1.6%. Palladium prices for delivery in June rose $5.45 to close at $773.15 per ounce, up 0.7%.

Financial World US Stock News: International crude oil futures prices closed in a mixed manner on Monday. China's lowered its economic growth expectations and signs of continued growth in U.S. crude oil production has raised concerns about oversupply. But many conflicts between hostile groups in Libya near the country's major crude oil terminals have occurred, which has raised concerns about uncertainties in its crude oil production and the Organization of the Petroleum Exporting Countries (OPEC) continues to implement a production cut agreement to support oil prices.

WTEX Intermediate (WTI) futures for April delivery on the New York Mercantile Exchange fell 13 cents, or 0.2%, to close at $53.20 a barrel.

Brent crude oil futures for May delivery of the London Intercontinental Exchange (ICE) closed up 11 cents, or 0.2%, to close at $56.01 a barrel.

fundamental positive factors:

Iraq Oil Minister Lu Aibi delivered a speech within the day saying that if OPEC decides to extend the production cut agreement, Iraq is ready to continue to reduce production in the second half of this year; Iraq is "to a certain extent" satisfied with the current oil prices and hopes that the oil market will further improve.

The latest data from the U.S. Energy Information Administration (EIA) shows that as of the week ended February 24, U.S. gasoline inventories fell by 546,000 barrels, and the market estimated a decrease of 1.8 million barrels. U.S. refined oil inventories fell by 925,000 barrels, and the market estimated a decrease of 611,000 barrels. At the same time, the refinery capacity utilization rate rose by 1.7 percentage points to 86%, and the daily refining volume increased by 393,000 barrels.

Reuters survey results show that the target of OPEC member states' production cut agreement in February is expected to reach 94%, higher than the previous estimate of 82%. The total OPEC production is expected to drop by 30,000 barrels per day to 32.19 million barrels per day in February, as the production cuts led by Saudi Arabia were offset by the increase in production of Iran and Nigeria. The results of the production cuts have been further expanded, which has greatly increased the confidence of crude oil bulls.

U.S. Energy Information Administration (EIA) data shows that U.S. crude oil production fell by 91,000 barrels per day to 8.783 million barrels per day in December last year, and crude oil production fell by 30,000 barrels per day to 8.874 million barrels per day in November last year, while crude oil exports fell from 597,000 barrels per day in November to 442,000 barrels per day. At the same time, total oil demand increased by 1.9% year-on-year (379,000 barrels per day) to 19.979 million barrels per day, down from the 2.7% increase in November. However, gasoline demand rose 1.8% year-on-year (162,000 barrels per day) to 9.31 million barrels per day, up from the 1.4% increase in November.

Fundamental negative factors:

China lowered its economic growth target this year to 6.5%, compared with 6.7% before, as the government needs to take measures to fight environmental pollution, which has also put oil prices under partial pressure to pull back. Investors will closely monitor whether China's slowdown in economic growth will have an adverse impact on crude oil demand.

As the U.S. durable goods order data released by the United States performed well, expectations of the Federal Reserve's interest rate hike continued to heat up, and the US dollar index was boosted and continued to rebound. However, some analysts pointed out that since the market has fully absorbed the expectation of interest rate hikes in March, there is almost no fresh stimulus in the market that prompts bulls to buy more US dollars again, and the US dollar may find it difficult to continue to rise. But the temporary rebound of the US dollar still puts pressure on oil prices.

US oil service company Baker Hughes (Baker Hughes) released data on Friday (March 3) showing that as of the week ended March 3, the number of active drilling rigs in the United States increased by 7 to 609, continuing to set a new high since October 2015, rising for the seventh consecutive week, further continuing the upward trend for 9 months, indicating that US oil producers are fully enjoying the benefits brought by the rebound in oil prices by increasing drilling activities. More data shows that the total number of active oil and gas drilling rigs in the U.S. increased by 2 to 756 in the week ending March 3.

Russian Ministry of Energy data showed that the country's crude oil production in February remained flat at 11.11 million barrels per day in January. Russia cut production by 100,000 barrels per day in January, completing one-third of its promised cut, but the stagnation in February has caused market concerns to emerge again.

White House html issued a statement on the 55th saying that US President Trump asked Congress to investigate whether the Obama administration has "abuse its power."

A White House spokesman said in a statement that there were reports that there were investigations with potential political motivations before the 2016 presidential election, which is worrying. President Trump asked intelligence committees in both the Senate and the House of Representatives to exercise their oversight rights to investigate whether the executive body “abuses its power” last year.

statement said that neither the White House nor President Trump will comment on this until the relevant investigation begins.

On the 4th of this month, Trump claimed on social media that Obama had "eavesdropped" him during last year's election and compared the matter with the "Watergate Incident". Obama subsequently denied it through a spokesperson. At present, neither party has provided factual basis for their statements.

Republican Senator Richard Boole, chairman of the U.S. Senate Intelligence Committee, said on the 5th that the committee will closely monitor the direction of the evidence and draw conclusions based on facts. Rep. Dewin Nunes, chairman of the U.S. House of Representatives Intelligence Committee and Republican Rep. Devin Nunes said on the same day that the committee will investigate the matter to confirm whether the Obama administration has surveillance a certain political party.

US House of Representatives Minority Leader and Democratic Representative Nancy Pelosi said on the 55th that Trump's behavior is "slander". She said that Trump fabricated something and then asked the media to report it, creating the illusion of widespread media attention.

Josh Ernest, who was formerly a spokesman for Obama, said on the same day that the U.S. president has no right to order eavesdropping on U.S. citizens. The FBI and the Justice Department must be approved by a federal judge before eavesdropping is carried out.

, who served as the director of U.S. national intelligence during Obama's administration, said in an interview on the 55th that he had never found any "eavesdropping" activities targeting presidential candidates, president-elects or campaign teams during his tenure. According to NBC, a senior Republican House aide said on March 5 that the Republican Party will issue a draft this week to abolish and replace "Obamacare".

It is said that the draft will abolish the current "Obamacare" in the next few years and replace it with the Republican health insurance bill. The draft will provide larger personal tax credits and health savings accounts and reduce spending on government tax subsidies and health insurance.

Republicans have not reached an agreement on the draft in the past few weeks, but the senior aide said the draft will be a foregone conclusion.

FX678 previously reported that Trump met with Medicare executives at the White House last week in hopes to win their support for the Republican revision of the health care bill.

In December 2016, a survey conducted by NBC News and the Wall Street Journal showed that only 12% of Americans said they were "quite confidence" in health insurance companies, while 54% of respondents said they had "little no confidence" or no confidence at all.

new draft will greatly expand the use of health savings accounts

new draft, can Americans who need funding to afford medical insurance be able to get tax credits? Can I get a tax credit in advance every month? This depends on age, under 30 will be eligible for a $2,000 tax credit, while over 60 will be awarded a $4,000 tax credit.

The new draft is said to also provide a nationwide pool of high-risk health insurance funds for U.S. residents who do not have access to health insurance. The U.S. government will provide $15 billion to help build such a high-risk funding pool in 2018, but after 2020, the U.S. government funding for it will drop to $10 billion.

This draft will greatly expand the use of health savings accounts. FX678 Note: A health savings account is a tax-free way to purchase health insurance and a path that the Republicans will prioritize.

And the largest financing mechanism in the Republican draft will be to collect taxes on the health insurance plans provided by the most expensive employers.

American people protested against the abolition of "Obamacare reform"

FX678 Previously reported that the news that Trump wanted to abolish Obamacare reform has triggered protests from the American people. Not only that, many Republican lawmakers have also threatened to vote against it, including Kentucky lawmaker Rand Paul.

Paul said that the only draft for Republican health care reform seen so far is from the media, and the Trump administration also claimed that the draft is confidential.

There have been disagreements within the Republican Party on the new draft and its costs, and it is difficult to "abolition and replace" Obamacare. Senior Republicans have promised not to lose protection for people protected by existing health insurance bills.

On Monday (March 6), OPEC production cuts are in full swing, and crude oil prices are gradually being boosted by the gradual easing of supply and demand contradictions, but the further upward trend of oil prices is still at risk of "booming" increase in production in the United States.

OPEC production cuts is just the time

In December, OPEC member states and non-OPEC oil-producing countries reached a global production cut agreement in Vienna for the first time since 2001. Although the global market still faces the contradiction of oversupply, oil prices have remained stable around $50 per barrel, especially in the United States. Meanwhile, U.S. drilling speeds have climbed to more than a year's highest level and are expected to fall back to record lows by the end of this year.

Starting this Monday (March 6), major oil-producing countries including Saudi Arabia, Russia, Brazil , , Mexico and the United States will meet in Houston in the United States to hold the annual CERAWeek Energy Conference initiated by data provider IHS Markit.

OPEC will hold a production cut supervision meeting in May to consider and decide whether to extend the production cut agreement. As the world's largest oil producer, Russia's economy is deeply boosted by stable oil prices, but once oil prices plummet, the Russian economy will still face the risk of "harm".

is a coincidence, and so is American shale oil manufacturers. US shale oil is no longer a popular investment for a bunch of nouveau riche, but is the world's largest group of integrated oil producers and independent drillers, viewing unconventional drilling as a unique way to invest lower costs in short-term projects and get the fastest profits.

The US shale oil industry is in full swing as US President Donald Trump adopts a "pro-oil" energy policy to encourage more drilling and energy infrastructure construction, including the construction of two controversial oil pipelines.

The United States and OPEC have started a battle for market share

The hottest this year is the Permian Basin, mainly large sedimentary basins in western Texas and southeastern New Mexico, known for their abundant oil deposits; and the Permian Basin will provide high profits for large oil companies such as Exxon Mobil. Exxon Mobil plans to spend a quarter of its budget in 2017, about $5.5 billion, to drill in Texas, New Mexico and North Dakota, and to discover a large number of potential oil wells, as the advancement of U.S. drilling technology has put oil prices at $40 per barrel before profitability can be achieved.

Helima Croft, head of global commodity strategy for capital markets at Royal Bank of Canada, said, "This is exactly the market push. I think OPEC only hopes that production from the Permian Basin will climb, and many of the deflation costs we see will rise further with prices; service companies will charge higher fees. I don't think this is a very low compliance rate for OPEC production cuts, because Saudi Arabia will cut production at all costs."

On Monday, Russian Energy Minister Alexander Novak will speak, while Saudi Oil Minister Khalid Al-Falih will attend the meeting on Tuesday (March 7).

IHS Markit Vice Chairman Daniel Yergin said, "This is the key link for OPEC members and non-OPEC oil producers to reach a production cut agreement. There was no precedent before, and the compliance rate of this production cut agreement is relatively higher than before. I think OPEC members and non-OPEC oil producers will do their best to urge the production cut to be reached, which is one of the main messages and content they want to convey."

analysts said that the real problem facing OPEC is Saudi Arabia and Russia's view on further implementation of production cuts in the future; and whether they are ready to extend the production cut agreement for six months due to the increase in US shale oil production.

As the "leader" of OPEC, Saudi Arabia has always shouldered the responsibility of reducing production; as the world's largest oil exporter, Saudi Arabia has always been the main driving force for OPEC's production cut policy. At present, the market still does not know how much pressure oil prices will continue to face if US shale oil continues to increase production. In fact, US shale oil has produced nearly 9 million barrels per day. Last winter, U.S. shale oil exports hit record highs in several days, exceeding 1 million barrels per day.

Some analysts believe that if the United States puts more shale oil into the market, oil prices will further fall below $50 per barrel, and a new round of market share grabs will be faced between shale oil and OPEC.

ExxonMobil Chairman and CEO Darren Woods said in an interview with CNBC this week that OPEC has low-cost leverage, rather than traditional drilling business, is driven mainly by economic activity and market prices. Since the failure of the "leniency in market pricing" strategy, OPEC has turned to launch a new "production price-oriented" strategy. After Russia and OPEC member states continued to maintain record production levels, oil prices suffered a "snap" and even fell to $20 per barrel for a time.

Woods recently said in an interview with CNBC at the CERAWeek Energy Conference, "In the short term, OPEC has undergone tremendous changes. Of course, Permian land and unconventional shale oil will bring new elements to the market, and this is the key issue of how OPEC intends to deal with the increase in production. Earlier, OPEC continued to increase production, and the market was in a contradiction of oversupply, which further led to a decline in oil prices; and OPEC has made every effort to reduce production, but unconventional shale oil has further increased production; I think the oil market is gradually understanding how the supply and demand contradiction in the global oil market will gradually ease and adapt to more uncertain factors."

Yekin said that for the United States, another key factor is how long the low price of drilling services can last. This is also an important factor in promoting the increase in drilling.

CERAWeek Energy Conference

OPEC Secretary-General Mohammad Sanusi Barkindo will also speak at the CERAWeek Energy Conference on Tuesday.

Croft said that Barkindo is just like OPEC's "right-hand man".It can be seen that Balkindo often goes to major OPEC member states to implement a "turning and turning diplomatic war" and strives to promote the compliance rate of production cuts. Balkindo was part of a real urging a production cut to reach, and he learned that the need to talk to the head of state, not the oil minister. Barkindo is a very experienced technical official.

Yekin also hopes to hear Saudi Energy Minister Falih can discuss Saudi Aramco's initial public offering (IPO). Saudi Arabia plans to raise funds by issuing shares to further get rid of Saudi Arabia's oil-dependent economy as part of the "Vision of Reform in 2030" implemented by Saudi Deputy Crown Prince Salman (Mohammed?bin? Salman).

Croft said that Falih is the image ambassador of the "2030" reform vision and the largest seller of Aramco's IPO. He will double bet on the "2030 reform vision" and will reiterate Saudi Arabia's commitment to the reform plan.

In addition, the CERAWeek energy conference will be held from Monday, and UAE Minister of State Sultan Ahmed Al Jaber will also speak on Monday; Iraqi Oil Minister Jabbar Ali Al-Luiebi and UAE Minister of Energy Suhail Mohamed Al Mazroueiz will also speak on Tuesday. In addition, energy company directors of several oil companies will also attend the CERAWeek Energy Conference. Canadian Prime Minister Justin Trudeau will also speak on Tuesday night.

CERAWeek Energy Conference agenda includes global liquefied natural gas, nuclear power generation, and US natural gas.

Financial World US Stock News: Federal Reserve Chairman Yellen 's speech on Friday almost confirmed the possibility of a rate hike in March. More importantly, she hinted that the rate hikes this year may be more than planned.

In a speech delivered by the Chicago executive club, Yellen listed the dangers of the Federal Reserve hikes too slowly.

"We realized that if we wait too long to withdraw some supportive measures, we might need to raise rates quickly sometime in the future, which could pose a risk of disrupting financial markets and causing recession," she said.

Yellen said that if the economy remains on the current development track, raising interest rates at the meeting from March 14 to 15 is "probably a suitable move", which is almost equivalent to announcing that the Fed's first rate hike this year was in March. She also hinted that this will not be the last rate hike this year.

The median estimate of Federal Reserve officials released in December last year showed that they expect three rate hikes this year, each with 25 basis points each.

Yellen's statement on the current monetary policy stance has changed subtly. In her speech on January 19, she used the term "modestly" to describe her current easing stance, and this time she used the term "modestly" to modify the easing, which shows that she believes that the Fed may need more than three interest rate hikes.

"This is meaningful," said Lou Crandall, a senior Federal Reserve observer and chief economist at Wrightson ICAP LLC, in commenting on Yellen's wording changes. “This clearly implies that the Fed may have to speed up interest rates,” he added.

, a tiny and important word change, may mean that Yellen’s current idea is that the current interest rate supports the economy slightly more than she had previously imagined. What

can support this idea is that the growth of non-farm employment far exceeds the long-term sustainable level in the eyes of Fed officials.

According to a survey of top economists by the UK's " Financial Times ", the bullish stock market and the improving U.S. economic growth will give the Federal Reserve reason to raise interest rates three times this year, including a decision to raise interest rates less than two weeks later.

About three-quarters of the 43 experts surveyed said the Fed would raise interest rates by 75 basis points this year, which is equivalent to admitting that they made a wrong judgment a few months ago, when economists and markets said policymakers’ predictions were too optimistic.

Hawkish remarks made by Fed policymakers over the past week, combined with rising inflation expectations, rising sovereign bond yields and record-breaking stock market valuations have led to nine out of 10 economists predicting the Fed will raise interest rates by 0.25 percentage points this month to the 0.75% to 1% range. "The Fed, which has been very comfortable with maintaining excessively loose monetary policy and lagging behind the market, may soon fall into a situation where it is uncomfortable with lag in the economic and inflation reality," said Berenberg economist Mickey Levy.

The median forecast by economists is that the federal funds rate will be 1.375% by the end of 2017 and 2.125% in December 2018. Judging from the market conditions, traders have also bet on three interest rate hikes this year, each raising by 25 basis points.

Nearly three-quarters of economists surveyed expect the U.S. central bank will stop or reduce its principal and interest in securities held by early to mid-2018. More than

Economists have warned that current forecasts may be inaccurate if spending, deregulation and tax cuts drive faster economic growth. Two-thirds of respondents said they expect the United States to introduce "substantive tax reform" by the end of this year.

Omair Sharif of Societe Generale (Société Générale) said that if the U.S. Congress passes border adjustment tax, no one knows how inflation data will change. But he noted that in the short term, the Fed is willing to tolerate inflation beyond its policy mandate.

Despite hawkish remarks from Fed officials, several economists still believe the U.S. central bank will keep interest rates unchanged this month.

Financial World US Stock News: According to Bloomberg, in just one week, the market's view on the rate hike in March has changed from doubt to firm belief. The series of comments carefully designed by Fed officials in favor of rate hikes was until last Friday when Chairman Yellen endorsed the rate hikes, market expectations reached its peak.

Federal decision-making officials' position in the January meeting minutes was originally neutral, but now they are on the verge of hikes. What exactly makes officials' attitude change? If you observe the US economic data, there is actually little change. The economic situation has not deteriorated, so interest rates were raised in March without any worries, especially because of the stability of domestic data and the slow improvement of the international situation, which has changed significantly from the situation faced by the Federal Reserve at this time last year. At that time, global risks made the Federal Reserve dare not take action rashly.

The following chart shows that the US economy is stable and the international situation is free from the haze, so decision-making officials are confident of a rate hike on March 15.

U.S. data: Good enough

Fed Vice Chairman Stanley Fischer said at a forum held by the University of Chicago Booth School of Business last Friday. Similarly, Yellen said the development of employment and inflation matched expectations from the Federal Open Market Committee (FOMC). As can be seen from the chart below, although prices did not rise sharply, they still moved towards the Federal Reserve's goal.

Yelen said last Friday that U.S. employment situation "basically reaches" full employment recognized by officials. The low unemployment rate has not changed much compared with last year, but wages have risen very slowly, which shows that the labor market is gradually tightening.

The outlook for economic growth rate has not changed much. New York Federal Reserve Bank President William Dudley said in an interview with CNN on February 28 that the economic growth rate is still around 2%. He hinted that interest rates would be raised soon.

In short, the US economy has not yet achieved breakthrough development, but the trend is upward. Obviously, this is the result that the Federal Reserve is happy to see.

Financial World US Stock News: Goldman Sachs said that the bank's interest rate hike in March looked imperative after Fed Chairman Janet Yellen's speech because her remarks were consistent with the "hawkish" views expressed by other members of the Federal Open Market Committee earlier this week.

Jan Hatzius, chief economist at Goldman Sachs Group, released a research report saying the group concluded that "Feder Chairman Yellen today said that a rate hike at the March meeting of the Federal Open Market Committee is 'probably appropriate', as long as future economic data continues to confirm the prospects expected by senior Fed officials. We believe this is a very strong signal that the Fed will take action at this upcoming policy meeting and has raised the possibility of our subjectively expected rate hikes to 95%.

The group's analysis points are as follows:

"1. In a speech delivered this afternoon (local time in the United States), Federal Reserve Chairman Yellen said in a pretty clear word that the Federal Open Market Committee is ready to raise interest rates at the policy meetings on March 14 and 15. She said that as long as 'whether the development of employment and inflation situations still meet our expectations', 'then further adjustments to the federal funds rate will likely be appropriate'. In view of this, we currently expect the United States to be in the United States. The Fed's rate hike at its March meeting was almost a matter of nowhere, and raised the probability of our subjectively expected rate hike to 95%.

2. The rest of Yellen's speech focused on the Federal Reserve's monetary policy strategy after the financial crisis and did not discuss many details about future economic data. However, given the constructive remarks made by several senior Fed officials this week about the current economic situation—including Fed Vice Chairman Stanley Fisher (Stanley) Fischer's speech at the US Monetary Policy Forum today - we believe that members of the committee will regard recent new information as in line with their outlook and will therefore support further monetary policy tightening. At this stage, the February non-farm employment report - which will be released next Friday - may have a greater impact on the guidance of interest rate action that the committee will take after this meeting. "

In other words, as for whether the Fed will raise interest rates in March, the only variable now is the non-farm employment report to be released next week, which is the only indicator of the "economic situation development" left before the Federal Open Market Committee held its monetary policy meeting on March 14 and 15. As long as this report does not show a sharp decline in the number of new non-farm employment, interest rate hikes in March are a foregone conclusion.

Financial World US Stock News: Yahoo Finance Editor-in-Chief Sam Ro recently published an article saying that according to investment company Horizon Investments, the chaos in the US political world under Trump's rule will put the stock market in three major threats. He also pointed out in the article that, for now, it is a smart move to prepare for the possible fluctuations in the market.

The following is the full text of this article:

8 years ago today, the S&P 500 index hit a day low of 666.79 points. At the time, market pricing reflected everyone’s worst worries about the financial crisis. That day was the beginning of an epic bull market currently underway in the U.S. stock market, with the S&P 500 now only about 20 points lower than its all-time high.

In this bull market, the reason for the recent rise in stock markets is due to US President Donald Trump's promise to adopt a pro-business policy, the most important of which is the corporate tax reduction plan. In fact, U.S. Treasury Secretary Steven Mnuchin has recently stated that he expects tax reform plans to be approved by the U.S. Senate and House of Representatives before adjourning in July.

Unfortunately, the Trump administration may be creating a barrier for itself that makes it difficult to achieve the goal of "making America great again." Greg Valliere, chief global strategist at Horizon Investments, concluded Trump's mess over the weekend: "1. No factual accusations (formerly US president) Barack Obama (Barack Obama) ordered the eavesdropping on Donald Trump's residence (Trump posted a Twitter message saying Obama was a 'perverted guy' (sick guy)).2. The intelligence community, which is disgusted with Trump, continues to play against him. 3. There are rumors circulating in the market about who will leave the White House first - is it (White House Chief of Staff) Reince Priebus (Reince Priebus), or (White House spokesperson) Sean Spicer (Sean Spicer)? "

Valier does not believe that this "stunning conspiracy and chaos" from Washington will kill the market spirit, but he does point out that this political situation poses three threats:

" 1. The Trump administration's agenda is stalled.

Table A is a replacement bill for the ‘Obamacare Act’, which is currently in serious trouble in the House of Representatives. (Speaker of the House) Paul Ryan (Paul Ryan) has prepared a bill to await approval, but conservatives have backed off tax refunds, seeing it as a new deserving interest program. What members of Congress want to see is Trump's leadership, but the latter is distracted. Perhaps the replacement bill will pass House approval later this spring, but until then, tax reforms will remain a ‘side-down’ attitude.

2. The Republican Party began to 'betrayal'.

This is a political event worthy of attention, because the Democratic Party is still in a state of division and is at a disadvantage within Congress, and there is not much opposition. But inside the Senate, there is a Republican 'riot' brewing, with more than a dozen Republican lawmakers basically opposing Trump, and almost no one supports him for allegations that Trump had eavesdropped on him.

3. The United States lost its international reputation.

The image of Washington falling into a chaotic situation sends a signal to the allies and enemies of the United States that a geopolitical crisis is inevitable. We conclude that many countries – led by Germany – will do their own things on trade and defense issues rather than dealing with Trump. ”

When Trump was elected as President of the United States, he inherited a strong, world-leading economy, and the Republican Party he belonged to had already taken control of the U.S. Senate and House of Representatives. It can be said that as a national leader, he has been smooth sailing in every way. But according to Valier, Trump seems to have no choice but to go downhill.

The U.S. stock market is currently near record highs, and corporate profit growth Underperforming, stock valuations reached a very high level, while investor sentiment is still bullish, and there are many warning signs in the market recently.

Although it is usually a mistake to predict that the bull market will end, it is a smart move for the possible fluctuations in the market at present.

Financial World US Stock News: Morgan Chase CEO Dimon (Jamie Dimon believes that if the Trump administration can successfully reshape the tax and regulatory structure of the United States, his financial industry and the U.S. economy will have a bright future. However, he also warned that the international crisis could pose considerable economic risks.

Bloomberg reported that at an investor seminar held by JP Morgan in New York last Tuesday, Dimon predicted in his speech that if the government relaxes regulation and lowers corporate taxes, banks will lend more money to small businesses, which can increase employee wages, provide more jobs, and encourage millions to rejoin the workforce. He said that the largest lenders in the United States are in good condition now and are ready to expand their business to more foreign markets.

The CEO and chairman of the nation's largest bank said: "The prospects are very bright." When tax reform, regulatory reform and infrastructure reform start, I believe that the growth rate in the United States will accelerate greatly. "He said that the reason he and some other business leaders joined the president's advisory board was because "the United States needs better policies."

Dimon's current statement was in sharp contrast to last October. At that time, during the election campaign,Dimon had clearly expressed his disagreement with Trump's remarks on immigration and Muslims.At that time, Dimon emphasized that JP Morgan "unreservedly welcomes everyone", mentioning that his grandparents were from Greek , and asserting that Americans would cheer for the birth of the first female president in national history. On Tuesday, he didn't mention any of these questions.

Instead, he endorsed Trump's claim that over-regulation has prevented U.S. business investment and infrastructure construction.

"Do you know that this country has never built a new airport in forty years?" Dimon said. "In my impression, the last time New York built a tunnel or a bridge was even longer than that. To build roads, power grids, tunnels and airports, it may have been wasted terrible time on the red tape, which you may have heard of."

When asked about the risks facing JP Morgan or the U.S. economic growth, Dimon mentioned potential international crises or trade conflicts. He said these problems were not as serious as the U.S. recession. There are also potential trade frictions with China and Mexico that could also have "very bad" results.

He is not very worried about possible problems within the financial industry. While student loan defaults may increase, the total size of these loans is simply incomparable to mortgages that led to the 2008 financial crisis, and the government can help bear a lot of losses.

He said that overall, the financial situation of American consumers is much more ideal than that year, and their credit ratings are much more reliable.

"Look at these numbers, everything is clearer: the situation has never been so ideal." He said, "never" - and then repeated several times.

Fed Chairman Yellen gave the green light to rate hikes on Friday, saying "if the economic data released meets expectations, it is appropriate to raise interest rates in March." Yellen stressed that unless new progress shows a substantial deterioration in the economic outlook, the process of tightening monetary policy will not be as slow as it was in 2015 and 2016.

In response to this, Wall Street 's response was quite neat, "the signal has been received", and everyone knows that interest rates will be raised in March. The comments from relevant investment banks are as follows:

Deutsche Bank: It is expected that the Federal Reserve will raise interest rates in March, and then raise interest rates twice this year. The Fed lowered its inflation concerns as its core PCE was 1.7%, still below the Fed’s forecast for 2017. Commercial spending is expected to rise sharply to accelerate productivity growth, thereby boosting wage levels and may drive the labor market. The Fed will be happy to see the occurrence and completion of the above structural changes, rather than compressing the economic cycle through rapid rate hikes.

JPMorgan Chase: The next rate hike is expected to be raised from May to March; it is expected to raise interest rates three times this year, in March, June and September, respectively, and was expected to be two times before. "The Fed's rhetoric has turned significantly and has become more direct."

Credit Suisse: The Fed's eagerness for the next action shows that it believes it has lagged too much behind the interest rate hike curve. The next rate hike is expected to be raised from June to March, and the number of rate hikes this year will increase from two to three. "Unless there are any major negative shocks in the coming days, such as large-scale sell-offs or very disappointing job reports, the Fed will and has to raise interest rates within two weeks."

Citigroup: The Fed will raise interest rates within this month. "March interest rate hikes have been denominated by the market, because the lack of further information and the still neutral medium-term outlook will make the rise momentum of the US dollar less strong."

Silicon Valley Bank: "Although the market has been 'stunning' in the short term, long-term interest rate differentiation will still help the US dollar rise."

Goldman Sachs : In view of the successive statements of several Federal Reserve officials since last week, we believe that the committee believes that the current form has reached an agreement with its expected outlook, so it supports further tightening. We believe this is a favorable signal for action at the March meeting and raise our subjective rate hike probability to 95%.

Financial World US Stock News: At the end of 2015 and the end of 2016, the Federal Reserve carried out the only two interest rate hikes in the past decade, but at the moment, their pace seems to be suddenly accelerating.

In early spring, the remarks of Fed officials seemed to have become very tough overnight, full of hawkish flavor, and began to warn of the possibility of interest rate hikes in mid-March, while Wall Street's expectations were originally June.

Barclays senior American economist Martin (Rob Martin) commented on CNBC that these Fed officials "whether dove or hawkish were in their position before, they are now turning in the same direction."

Martin said that three heavyweight Fed officials had made remarks last week, namely New York Fed President William Dudley, Fed Director Lael Brainard and Fed Director Jerome Powell. "It is normal for local Fed officials to speak, they have their own tone. However, when two officials from the Council say the same thing, it seems like they are implementing a consistent communication strategy." In fact, in the eyes of the outside world, Brian Nader and Dudley have always been regarded as dovish core members like Yellen and Fisher.

So strategists and economists began to summarize the factors that forced the Fed to start taking action quickly to fulfill its promises of three interest rate hikes this year.

Informa Financial Intelligence chief macro strategist Adel (David Ader), who put forward the first reason, said it might be related to the Fed's hidden agenda.

According to the schedule, the Fed will vote on the interest rate hike on March 15. At almost the same time, the US government's debt ceiling will also expire, and the parliament must provide a new budget solution to avoid the government's shutdown. Without any adjustments, Washington will consume all its money at some point this fall. In recent years, every time at this time, the struggle in Washington has been very fierce. Although everyone expects the government and Congress to cooperate on this issue at the moment, Adel said there will definitely be a lot of discussions on budget-related issues such as tax reform, fiscal stimulus, and financing methods.

"I think they have a secret agenda. If we are talking about this, they will definitely talk about it," he said. "The debt ceiling will trigger a fight...there is endless debate within the Republican Party. The situation will be very serious. The Fed obviously wants to raise interest rates, and they have been trying to raise interest rates."

Adel changed his mind last week and believed that the rate hike in March was almost certain. He said that the key is not when the interest rate hike will be raised, but "the Fed wants to act according to its own judgment, even if there is an ugly fight at that time, after all, it is impossible to avoid the fight if the interest rate hike is delayed. If you are the Fed, you will also say, 'Let's take action now, otherwise there may be no chance to do it in the future'."

As for the promise of three interest rate hikes this year, Adel believes that the Fed may not necessarily fulfill it.

The second reason is a question that Fed critics and supporters have long been considering. Michael Feroli, chief American economist at JP Morgan, pointed out in a research report that the Fed may be worried that it will pay too much attention to full employment and inflation, resulting in excessive policy. In other words, the Fed may have been waiting too long, which is also a topic that the market will talk about from time to time.

"Recently, Fed officials who stood up to speak have been talking about the possibility that the Federal Open Market Committee will lag behind the situation. Although they finally gave a denial answer, they will raise this question, which itself means that they are already doubting it." Ferrori pointed out that many economists claim that the suspected bubbles in various asset markets are a warning sign, indicating that the Fed's actions may have been too slow.

The third reason comes from Barclays’ Martin, who pointed out that the Fed has now had a perfect track for hikes.

"The situation in the stock market has changed. The financial environment has improved greatly in recent years. The recent surge in the stock market has not accompanied by the appreciation of the US dollar." He added that the federal funds futures market has also sent a signal of interest rate hikes, "The market has increased the possibility of interest rate hikes in March from more than 30% to more than 80%... The US dollar has not created any trouble, and the stock market has not fallen back."

If the Fed really raises interest rates in March, the market will face a new dilemma.

"Of course, if the Fed raises interest rates in March, the market will be more inclined to believe that the Fed will raise interest rates once a quarter. "Felori expects that the Fed will further build momentum for the rate hike in March. "It seems unimaginable to raise interest rates four times, but from the analysis of the Fed's recent remarks, the possibility cannot be completely ruled out. "

At present, Ferrori himself still believes that the rate hike will be in May.

Financial World US Stock News: With the recent rapid progress of the US stock market and continuing to set historical records, investors have become "extremely proud". Marc Faber warned that the market is now seriously underestimating three important trends, and these three will eventually lead to the arrival of a consolidation market.

The Doctor of Doomsday said in an interview with CNBC last Thursday local time that the currency exchange rate, the US economy and the Trump administration themselves are buried seeds that will cause the market to fall.

McGarvah explained that the stable performance of the US economy relative to other economies has attracted a large amount of capital to flow into the United States, pushing up the dollar exchange rate and U.S. stock prices. The problem is that this trend is completely possible.

"I believe that when the weakness of the euro reaches the level of unbearable level of European countries, especially Germany, the situation will reverse. "Mai Jiahua predicted, "The US dollar will fall by then, and funds that once flowed into US assets will flow out, and US stocks may fall. "

It is true that the US economy is currently ideal, but this ideal is only relative to other major economies. Judging from some important indicators of the economy itself, such as tax revenue, car sales and personal expenditure, the US economy is actually quite weak.

"I also believe that even Trump's own policies will not really reduce the size of the government. "McGarvat said that the committees Trump established to reorganize the government structure actually point to the direction of the big government, not the small government that the Republicans have always advocated. "And also, fiscal spending essentially means government expansion. From this perspective, I don't think Trump's policies are truly conducive to growth. ”

Although Mai Jiahua has no clear expectations for the specific time and scale of consolidation, he said that the effect of the decline is likely to spread by then.

"Many of our asset markets have expanded." I hold stocks, bonds, precious metals, real estate, etc. just like you. So if the asset price drops, I will feel pain just like you. "He said, "But at least, I foreseeed that all this could happen. ”

In an interview in February this year, Mai Jiahua once predicted that the next round of selling pressure in the market may cause an "avalanche" sell-off.

Financial World US Stock News: Regarding whether the Federal Reserve will raise interest rates at its policy meeting in March less than two weeks later, Morgan Stanley economists have changed their previous position and joined Credit Suisse Group and Nomura Securities, predicting that the bank will raise interest rates in March and will be left in the remaining year hikes further twice in the rest of the time.

In addition, Morgan Stanley economists also predict that the Federal Reserve will raise interest rates four further in mid-2018, which will cause the target range of the federal funds rate to rise to 2.25% to 2.50% by the end of 2018.

Morgan Stanley economists wrote in a research note:

"We currently expect the Federal Reserve to raise the benchmark interest rate in March." In addition, the sharp changes in the US dollar exchange rate route, coupled with the core personal consumption expenditure price index (PCE) exceeding our expectations, and the financial situation is looser than what we had imagined in the year-end outlook, which means that the Fed must raise interest rates three times this year and four times in mid-2018.

Compared with the basic growth and inflation of the U.S. economy, financial conditions are still loose enough to support the Federal Open Market Committee (FOMC) further rate hikes at its March meeting.Recent remarks made by senior Fed officials show that major monetary policy makers—including even the most 'dove' stance—are backing interest rate hikes. In addition, there have been significant changes in the expected route of the US dollar exchange rate, the core personal consumption expenditure price index is as different as we expected, and the financial situation is more relaxed than what we had imagined in the year-end outlook, which has made three interest rate hikes this year (rather than the two we had expected) and four interest rate hikes in 2018 (rather than the three we had expected) inevitable. ”

Financial World US Stock News: Roberto Pedone, an independent trader focusing on technical analysis of small and medium-sized stocks Pedone recently published an article recommending five stocks with prices below $10, saying that their stock prices may rise sharply in the near future.

On Wall Street, stocks with prices below $10 are always going to rise sharply every day. Savvy enough traders can track these low-priced stocks and trade them through disciplined and steady management of risks, thus often making huge profits.

I regularly post Twitter messages to introduce some low-priced stocks, which are also the stocks I like to trade in real life. I often find explosive low-priced stocks with high profit potential, and these stocks are all rising from a technical perspective. . I like to search for low-priced stocks that are bullish in terms of price and volume because this can increase the likelihood of low-priced stocks, which often experience "monster"-like big jumps in very short time.

When I trade low-priced stocks below $10, I invest in these stocks almost entirely based on charts and technical analysis. I also like to find low-priced stocks with stimulus factors, but this stock selection criteria is the second choice outside of charts and trading volume models.

with this idea, let's take a look at a few low-priced stocks under $10 that are likely to rise from the current stock price level.

1.Global Eagle Entertainment (ENT)

If you look at the trend chart of Global Eagle Entertainment stock, you will notice that the price of this stock has recently dropped sharply from $6 per share to $4 per share, hitting a 52-week low, and the volume of selling the stock is very large. After this trend, it now looks like the stock has begun to rebound from a low of $4, and this trend is very rapid, which is likely to trigger the "explosion" of its stock price in the recent past.

If Global Eagle Entertainment's price breaks above the recent resistance level of $4.50 to $4.75 per share, and the trading volume is huge, then investors should consider investing in it in a long-term manner. What we need to expect now is that the stock will continue to stand above the aforementioned resistance level, and its trading volume is close to or above the three-month average of 535,825 shares. If this stock can achieve this "explosion" in the near future, it will hit the 20-day rolling moving average of $5.44 and even the 50-day rolling moving average of $6.13.

2.Merrimack Pharmaceuticals (MACK)

If you look at Merrimack Pharmaceuticals stock charts, you will notice that the stock's price has recently formed a "double bottom" chart model, finding some buying interest in the past two months between $2.83 and $2.90. The stock has now begun to rebound from the aforementioned support level and has begun to show a trend that is likely to trigger a large-scale "explosion" of its stock price.

If Merrimack Pharmaceuticals' price breaks above the recent resistance level of $3.18 to $3.32 per share, and the trading volume is high, investors should consider investing in it in a long-term manner. What we need to expect now is that the stock will continue to stand above the aforementioned resistance level, and its trading volume is close to or above the three-month average of 3.65 million shares. If this stock can achieve such an "explosion" in the near future, it will hit the 50-day rolling moving average of $3.44 and may even hit the range of $4.25 to $4.86.

3.Achillion Pharmaceuticals (ACHN)

If you look at the trend chart of Achillion Pharmaceuticals stock, you will notice that the price of this stock has been consolidating for the past four months, showing a sideways consolidation trend, trading within the range of $3.75 to $4.87. The stock has now begun to rebound from the lower limit of the aforementioned larger trading price range and has begun to show a trend that is likely to trigger the "explosion" of its stock price.

If the price of Achillion Pharmaceuticals breaks above the 20-day rolling moving average of $4.26 per share, and then breaks above the recent resistance level of $4.39 per share, and the trading volume is very high, investors should consider investing in it in a long-term direction. What we need to count on is that the stock will continue to stand above the aforementioned resistance level and its trading volume is close to or above the three-month average of 1.56 million shares. If this stock can achieve such an "explosion" in the near future, it will hit the range of $4.74 to $4.87; if its price breaks above $4.87 and the trading volume is very high, it may easily hit the range of $5.50 to $6.

4.Advaxis (ADXS)

If you look at the chart of Advaxis stock, you will notice that the stock was on an upward trend last Thursday, rebounding from the 20-day rolling moving average of $8.99 per share, and the trading volume of investors buying the stock is pretty good. This upward trend is rapidly driving its stock price higher, likely triggering a large-scale "explosion" that will allow it to stand above key resistance levels.

If the price of Advaxis breaks above the 200-day rolling moving average of $9.45 per share, and then breaks above the resistance level of $9.50 to $9.74 per share, and its trading volume is close to or above the three-month average of 670,342 shares, investors should consider investing in it in a long-term direction. If this stock can achieve such an "explosion" in the near future, it will hit the next important resistance level, namely $10.88 to $12.66.

5.Weatherford International (WFT)

If you look at the trend chart of Weatherford International stock, you will notice that the price of this stock has been showing a strong upward trend over the past four months, rebounding from a low of $3.73 per share, hitting a recent high of $6.29 per share. During this period, the stock's price lows and highs have been rising all the time, which is a technically bullish factor.

If the price of Weatherford Internationala breaks above the recent resistance level of $6.21 to $6.30 per share, and then breaks above $6.40 per share, and its trading volume is close to or above the three-month average of 2.212 million shares, investors should consider investing in it in a long-term direction. If this stock can achieve such an "explosion" in the near future, it will hit the next important resistance level of $7 per share, and even a 52-week high of $8.49 per share.