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cover of episode Home Depot Results, D.C. Budget Debate in Focus

Home Depot Results, D.C. Budget Debate in Focus

2025/5/20
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Schwab Market Update Audio
AI Deep Dive AI Chapters Transcript
People
C
Cooper Howard
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J
Jamie Dimon
L
Lizanne Saunders
M
Michael Townsend
N
Nathan Peterson
S
Schwab Center for Financial Research
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无发言人
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Michael Townsend：我认为，众议院对预算议案的投票结果可能会发生重大变化，因为该议案在提交众议院全体投票之前，仍有许多问题需要解决。而且，即使众议院通过了，参议院也可能会对其进行修改。所以，最终通过的预算案会是什么样子，现在还很难说。 Schwab Center for Financial Research：我认为，穆迪下调美国债务评级不太可能阻止投资者购买国债，因为市场上并没有太多其他的替代选择。虽然评级下调确实推动了长期收益率的上升，但美国经济的规模和美元的地位仍然是重要的缓解因素。更重要的是，美国有能力偿还债务，只是缺乏减少债务的意愿。 Nathan Peterson：我认为，目前关税和贸易方面仍然存在高度的不确定性，而且市场估值也处于历史高位。虽然高市场估值并不意味着近期会立即出现调整，但我们仍然需要牢记这一点，因为它对长期投资至关重要。 Cooper Howard：我认为，美联储本周的沟通主题将会是“耐心”。市场目前预计今年将降息两次，但美联储可能会保持观望，等待更多的数据来支持降息的决定。穆迪下调美国债务评级并不令人意外。 Lizanne Saunders：我认为，市场迅速从评级下调中反弹，但这仍然是赤字和债务担忧的又一个象征。最近的美国通胀数据不应让人自满，因为这些数据是在关税产生最重大影响之前收集的。除非劳动力市场迅速恶化，否则美联储将在夏季避免政策变动。 Jamie Dimon：我认为，地缘政治风险仍然很高，特朗普总统提出的关税率非常极端。我仍然认为存在滞胀的可能性，即通货膨胀上升，而经济增长放缓。

Deep Dive

Chapters
This chapter discusses Home Depot's recent earnings report and its implications for the housing market. It also touches upon the challenges facing the home improvement sector, such as high interest rates and rising housing costs.
  • Home Depot's earnings report shows the first rise in year-over-year comparable store sales after eight straight declines.
  • The home improvement market has been struggling due to high interest rates and rising housing costs.
  • Tariff turbulence could lead to rising commodity costs for home repair items.

Shownotes Transcript

Housing dominates today as Home Depot and Toll Brothers report, and Congress debates a budget plan. The market shook off Moody's downgrade of U.S. debt, but yields remain elevated.

Important Disclosures

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

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